As A KPK Suspect, The Company's Boss Instead Uses LPEI Credit Money To Gambling Up To IDR 150 Billion

The Corruption Eradication Commission (KPK) detained Hendarto, the owner of PT Sakti Mait Jaya Langit (SMJL) and PT Mega Alam Sejahtera (MAS)/PHOTO: Wardhany Tsa Tsia-VOI

JAKARTA - The Corruption Eradication Commission (KPK) detained Hendarto, the owner of PT Sakti Mait Jaya Langit (SMJL) and PT Mega Alam Sejahtera (MAS) in the PT Bara Jaya Utama (BJU) group today.

This forced effort was made after he was named a suspect in alleged corruption related to the provision of credit facilities by the Indonesian Export Financing Agency (LPEI).

"KPK has again named and detained one suspect, namely HD's brother," said Acting Deputy for Enforcement and Execution of the KPK Asep Guntur Rahayu to reporters at a press conference at the KPK's Merah Putih building, Kuningan Persada, South Jakarta, Thursday, August 28.

Asep said Hendarto did not use the credit he got for his two companies. Instead, he used the money for personal gain, including gambling.

"In the process, it is known that HD did not use the financing completely for the needs of his two companies, but was used for personal gain, such as the purchase of assets, vehicles, family needs, to playing gambling," said Asep, who also serves as Director of KPK Investigation.

"Based on the information received, it almost reached Rp150 billion for gambling," he continued.

Asep explained that the company received Export Investment Credit (KIE) and Export Working Capital Credit (KMKE) facilities from LPEI in 2015 with the following details:

In the process, the KPK stated that there was a mens rea or malicious intention in the process of applying for credit from PT SMJL by the company and LPEI as a creditor.

As a debtor, PT SMJL applied for credit using collateral in the form of oil palm plantation land located in protected forest areas and conservation forests. In fact, the company was not licensed or had its conservation permit revoked and did not have a Forest Area Release Permit for PT SMJL.

Meanwhile, as a creditor, LPEI continues to process the application for a Financing Analysis Memorandum (MAP) that has been conditioned. "In fact, it is known that the contents of the MAP deliberately ignore the financing provisions and principles that have been regulated in LPEI regulations," said Asep.

Meanwhile, PT MAS, called the KPK, does not deserve financing of up to 50 million US dollars. There are several reasons, including the projected cash flow of PT MAS from 2016 to 2019 related to mining sales that have the potential to suffer losses, so that cash flow sources originating only from mining are projected to not be able to pay off PT MAS's obligations to pay bank loans.

The money obtained from LPEI credit was only used at IDR 17 billion or 3.01 percent of the total loan for PT SMJL operations.

"And PT MAS's operational needs are worth USD 8.2 million, which is around IDR 110 billion based on the 2015 dollar exchange rate or around 16.4 percent of total loans," explained Asep.

As a result of his actions, Hendarto is suspected of having harmed state finances amounting to Rp1.7 trillion.

In addition, the KPK has also confiscated cash, building land, motorized vehicles, jewelry, luxury bags and other luxury goods worth a total of Rp540 billion.

He was then suspected of violating Article 2 paragraph (1) or Article 3 of Law Number 31 of 1999 concerning the Eradication of Criminal Acts of Corruption as amended by Law Number 20 of 2001 concerning Amendments to Law Number 31 of 1999 concerning Eradication of Criminal Acts of Corruption in conjunction with Article 55 Paragraph (1) 1st of the Criminal Code.