Investment In PT Taspen Ends In State Loss For Not Following The Rules

Director of Investigation of the Corruption Eradication Commission (KPK) Brigadier General Asep Guntur (Tsa Tsia/VOI)

JAKARTA - The Corruption Eradication Commission (KPK) has uncovered allegations of corruption in fictitious investments in PT Taspen (Persero) starting with an unobserved rule. As a result, the actions of the suspects in this case caused state losses that made investigators move.

This was conveyed by the Director of Investigation Asep Guntur Rahayu, who initially said that the state-owned company had indeed twisted pensions stored in mutual funds or securities companies. The goal is that customers can make profits.

"Taspen collects money from retirees and then the money will be, the term is reversed. So it's made a business so that it gets bigger and can be profitable," Asep told reporters in Jakarta quoted on Friday, September 20.

"And later fortunately it will also be divided among the retirees," he continued.

Asep said this practice is common in banking business practices. "But when the placement of a number of funds in the context of business does not follow the existing rules, yes, of course it becomes an unlawful act so that losses arise that become state financial losses," he said.

As previously reported, the KPK decided to increase the status of handling allegations of corruption at PT Taspen (Persero) from an investigation to an investigation. Antonius NS Kosasih who is the main director is inactive is a suspect in this case.

Kosasih has been prevented from leaving the country for six months to facilitate the investigation of the case. This forced effort also applies to Ekiawan Heri Primaryanto as President Director of Insight Investments Management.

In this case, PT Taspen is suspected of making fictitious investments of up to Rp1 trillion. The funds were transferred in a number of forms such as stocks to sukuk.