State Losses Due To LPEI Giving Credit To PT Petro Energy To IDR 846.9 Billion, KPK Explains The Reason

KPK spokesman Tessa Mahardika (Tsa Tsia/VOI)

The Corruption Eradication Commission (KPK) said the reduced value of state losses due to the provision of credit facilities from the Indonesian Export Financing Agency (LPEI) to PT Petro Energy was caused by several factors. One of them is the difference in the value of the United States dollar.

The anti-corruption commission initially revealed state losses due to the provision of credit facilities by LPEI to PT Petro Energy reaching Rp60 million US dollars or around Rp988.5 billion. However, this amount then shrank to Rp846.9 billion.

"The initial state loss of 60 million US dollars is still an estimate. The latter is based on the results of the official state loss calculation (PKN) by the auditors and there is also a difference in the dollar exchange rate," said Tessa when contacted by VOI, Monday, March 24.

The KPK is investigating allegations of corruption related to credit by the Indonesian Export Financing Agency (LPEI). Three of the five suspects have been detained.

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.

Currently, the anti-corruption commission is investigating the granting of credit to PT Petro Energy. The state losses caused by this rasuah practice reached Rp846.9 billion.

However, this amount has the potential to increase to IDR 11.7 trillion. This is because there are 10 other debtors who give their loans by LPEI are considered problematic.