JAKARTA - The National Police stated that the alleged corruption in the provision of invoice financing facilities for the coal procurement project by PT Perusahaan Pengelola Aset (PPA) resulted in a state loss of IDR 38 billion.
Head of Operations of the National Police's Corruption Eradication Task Force (Kortastipidkor) Kombes Ahmad Yusuf Afandi said the value of the loss was based on the Report of the Results of the Investigation of the Indonesian Financial Supervisory Agency (BPK).
In this case, investigators have named three suspects, namely IT as Investment Manager (Investment Manager) of PT PPA, FSN as Head of the Operational Division of PT Bintang Abadi Sampurna (BAS), and FH as Director of PT BAS.
Investigators also seized assets belonging to the suspects in the form of land and buildings in Medan, Bogor, Bekasi, Samarinda, and Sidoarjo with an estimated value of around IDR 14.4 billion as part of asset recovery efforts.
According to Yusuf, the case began when PT PPA provided invoice financing facilities worth IDR 50 billion to PT BAS. However, the realization of the disbursement of funds reached around IDR 67.31 billion in eight stages.
Investigators found a number of irregularities in the financing process, including the failure to carry out due diligence and risk analysis, the non-verification of the validity of the bill documents, the disregard of the requirements for cash collateral, and the alleged engineering of a bank account as the basis for the disbursement of funds.
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