KPK: Potential State Loss In LPEI Credit Corrupt Case For 11 Debtors Reaches IDR 11.7 Trillion

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

JAKARTA - The Corruption Eradication Commission (KPK) said that the provision of credit facilities by the Indonesian Export Financing Agency (LPEI) to 11 debtors has the potential to harm the state to tens of trillions of rupiah. This is because there are allegations that the process carried out is fulfilled with fraud.

"The provision of credit facilities by LPEI to these 11 debtors has the potential to cause state losses with a total of Rp11.7 trillion," said KPK Investigation Director Asep Guntur Rahayu to reporters at the KPK's Merah Putih building, Kuningan Persada, South Jakarta, Thursday, March 20.

Meanwhile, for PT Petro Energy, which is one of the debtors, the state lost up to IDR 846.9 billion. Asep detailed that the outstanding principal of KMKE 1 company cost the state 18,070,000. US dollars or IDR 297,612,900,000 based on the current rupiah exchange rate.

"Meanwhile, the outstanding principal of KMKE 2 PT Petro Energy has cost the state Rp549,144,535,027," explained Asep.

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. They are suspected of having harmed state finances.

The KPK said the state losses arose due to a number of frauds committed by the suspects. Among them was 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.