24 Assets Worth IDR 882.5 Billion Confiscated By The KPK Related To The LPEI Corruption Case

KPK Investigation Director Asep Guntur Rahayu/PHOTO: Wardhany Tsa Tsia-VOI

JAKARTA - The Corruption Eradication Commission (KPK) confiscated 24 assets related to allegations of corruption in the provision of credit facilities by the Indonesian Export Financing Agency (LPEI). All of these assets are worth hundreds of billions of rupiah and are in the Jabodetabek and Surabaya areas.

"KPK has confiscated 22 assets in the name of the company affiliated with the suspect in Jabodetabek and two assets in Surabaya," said KPK Investigation Director Asep Guntur Rahayu to reporters at the KPK's Merah Putih building, Kuningan Persada, South Jakarta, Thursday, March 20.

Asep said that all of these assets were worth Rp. 882,546,180,000. This amount is obtained based on the land and building value zone.

Previously reported, the KPK has detained three of the five corruption suspects in the provision of credit facilities by the Indonesian Export Financing Agency (LPEI). They are Jimmy Masrin as President Director of PT Caturkarsa Megatunggal as well as President Commissioner of PT Petro Energy; Finance Director of PT Petro Energy Susy Mira Dewi Sugiarta; and Newin Nugroho as President Director of PT Petro Energy.

Meanwhile, the two suspects who have not been detained are Dwi Wahyudi as Managing Director I of LPEI and Arif Setiawan as Managing Director IV of LPEI.

In this case, the KPK said that the provision of credit facilities by LPEI to PT Petro Energy had cost the state finances Rp549,144,535,027 and 18,070 million US dollars, which in total amounted to Rp846.9 billion.

This state loss occurred due to a number of frauds committed by the suspects. Among them is a meeting between LPEI and the directors of PT Petro Energy.

During the meeting, it was agreed that lending would be made easier. In fact, PT Petro Energy should not be worthy of facilities from LPEI because its financial condition is not healthy.

In addition, during the meeting it was also suspected that zakat money was given to the directors, with amounts ranging from 2.5 to 5 percent of the total financing received.

The KPK also found falsification of invoices or bills. This finding is reinforced by witness statements and documents that have been pocketed by investigators.