Panji Gumilang Transfers The Wealth Of The Indonesian Islamic Boarding School Foundation To Pay Personal Debt

The defendant led by Al-Zaytun Islamic Boarding School, Panji Gumilang (blue batik) after undergoing a TTPU trial that ensnared him at the Indramayu District Court, Thursday, January 23, 2025. (ANTARA)

JAKARTA - The Public Prosecutor (JPU) of the Indramayu District Attorney (Kejari) revealed that the defendant Panji Gumilang in the alleged money laundering case (TPPU) transferred the wealth of the Indonesian Islamic Boarding School Foundation (YPI) to pay off personal debts.

"Panji Gumilang was charged with transferring the property belonging to the foundation to an account in his personal name from December 15, 2014 to May 2023," said Head of General Crimes (Pidum) of the Indramayu Kejari Eko Supramurbada in Indramayu, Thursday.

He said Panji Gumilang was the Chairman of the YPI Trustees in Indramayu, who has served since 2005 until now and has abused the foundation's wealth.

According to him, the funds transferred by the defendant were used to pay debt installments at a private bank. The value of the debt reached tens of billions of rupiah.

In addition to paying off debts, he said, the Public Prosecutor found the foundation funds used by the defendant to buy a number of assets in the form of land and other properties.

He revealed that the assets were then in the name of the personal, family, and several foundation administrators who also supported the action.

"Some of the assets were purchased with foundation funds, but the ownership registration was not appropriate, because it was in the personal name of the defendant and his family," he said.

He said in the indictment, Panji Gumilang was also suspected of committing money laundering offenses. The proceeds from the transfer of the foundation's assets were used for various transactions deemed invalid.

The prosecutor said that the funds transferred by the defendant came from several sources, including School Operational Assistance (BOS) funds and institutions affiliated with YPI.

"Based on the case file that we examined, there was an illegal mixing of funds carried out by the defendant," he said.

Furthermore, Eko said that from 2014 to 2023, the defendant was recorded to have 82 bank accounts and deposits used to manage the flow of funds resulting from the transfer of foundation assets.

"As with the indictment and case files, from 2014 to 2023, there are 82 accounts and deposits, on behalf of the defendant," he said.

In the inaugural trial at the Indramayu District Court, the Public Prosecutor prepared a cumulative indictment referring to Article 70 in conjunction with Article 5 of Law (UU) Number 28 of 2004 concerning Amendments to Law Number 16 of 2001 concerning Foundations, as well as Article 3 of Law Number 8 of 2010 concerning Money Laundering.