Reported To KPK, National Strategic Projects For BSD Threatened To Be Canceled

Photo Illustration By Andry Winarko (VOI)

JAKARTA - In early 1989, the Minister of Home Affairs Rudini inaugurated the start of the development of this independent city of BSD on rubber forest land that was no longer productive.

The development of Bumi Serpong Damai was carried out by PT Bumi Serpong Damai (PT BSD), which was originally owned by eleven private companies with an investment of IDR 3.2 trillion. The eleven companies are members of the Sinar Mas Group, Salim Group, Metropolitan Group, and Jaya Development.

After the 1998 monetary crisis, Sinarmas Group bought the majority of shares of this company held by the National Bank Restructuring Agency (BPPN). The name of this area was later changed to BSD City. Based on data received by VOI, in 2007, PT BSD is still a closed company. The company's shares are owned by several people and several companies. The largest shareholder of PT BSD is none other than PT Paraga Artamida with a total share of 803,331,066 or Rp401,665,533,000.

On June 6, 2008, PT BSD officially became a public company by releasing its 1 billion shares to the public on the Indonesia Stock Exchange. The Indonesian government opens space for companies with foreign legal entities to offer their effects in Indonesia. The foreign company can even take the floor or initial public offering (IPO) on the Indonesia Stock Exchange (IDX) with special provisions that will be regulated in the Financial Services Authority (OJK) regulations.

After becoming an open company, and based on data received by VOI, the distribution of shares is 33.50% owned by the public, PT Paraga Artamida 39.65% and PT Ekacentra Usaha Maju 25.63%. Interestingly, shareholders from PT Paraga Artamida are none other than PT Sinarmas Land (99.99%) domiciled on Pasir Panjang Road #06-00 Golden Agri Plaza, Singapore and PT Bintang Citra Gemerlap (0.001%) which live on Jalan Riau No.23 Central Jakarta.

Shareholders of PT Ekacentra Usaha Maju are none other than PT Paraga Artamida (99.99%) which lives in West Kali Besar No.8, Central Jakarta. And PT Bintang Citra Gemerlap (0.001%) which lives on Jalan Riau No.23 Central Jakarta.

Meanwhile, the shareholders of Sinarmas Land are none other than PT Lyon Investment Limited (70.30%) domiciled inTENDING the Bahamas, UOB Kay Hian (13.65%) domiciled in Singapore, and Citibank Nominee, (5.52%) and the remaining shares are owned by several foreign companies (10.48%).

Is It True That Sinarmas Land And BSD Are PMA?

The figure of Freddy Widjaja, son of Eka Tjipta Widjaja, handed over some evidence of inappropriateness that Sinarmas Land has to obtain the status of a national strategic project (PSN) from the central government. The goal is that President Joko Widodo does not make the wrong choice and is involved in legal cases after serving as president.

"For PT Bumi Serpong Damai, its status is domestic investment (PMDN). The reason is that Sinarmas Land Limited is owned by PT Lyon Investment Limited which is domiciled in the Bahamas. And we know that in this Bahamas country adheres to a tax heaven which is a rough language, a tax evader," Freddy Widjaja told VOI.

Sinarmas Group itself needs to be known to have four business 'dynasties' consisting of Sinarmas Land which is in the property sector and led directly by Franky Oesman Widjaja and Muktar Widjaja. The second dynasty is in the field of palm oil and its derivatives are led directly by Franky Oesman Widjaja. The financial sector dynasty, led by Indra Widjaja, and finally the fourth dynasty has dressed pulp and paper led by Teguh Widjaja.

"I report some evidence regarding the inappropriateness of Sinarmas Land holding a national strategic project (PSN). I would like to remind President Joko Widodo to be more observant," Freddy Widjaja told reporters at the KPK building, Jakarta, Monday, August 5.

The submission of files to the KPK consisted of several pieces of evidence. Among them, annual report from Sinarmas Land, Company Profile from PT Sinarmas Land, PT Paraga Artamida, PT Ekacentra Usaha Maju, PT Bumi Serpong Damai (BSD) and Government Regulation related to PSN. Freddy explained that he really loved this homeland and loved President Joko Widodo. He said he did not want to see the seventh president caught in a legal case after taking office.

"I really love this country. I also make this report as part of me loving President Jokowi. I don't want him to be dizzy because he was involved in a legal case after not serving as president," he added.

"The Sinarmas Land was founded in Singapore, and based on its annual report, the largest stock structure of Sinarmas Land is owned by PT Lyon Investments Limited which is located in the Bahamas Islands," he said.

Permanent Resident (PR) in Singapore

Quoted from the Singapore Immigration and Checkpoints Authority (ICA), there are several categories that determine the cost of filing to become Singaporean citizens. Adults who have received the Permanent Resident (PR) status are required to pay S$ 100 or around Rp. 1,130,000.

It should be noted that the fee is only for submissions and cannot be returned, even if the application is rejected. When approved, there is an additional S$70 to get a Singapore citizenship certificate.

PR status is strictly enforced in practice, but not absolute. Permanent resident (PR) is a permanent residence permit or for a long time in a country. Interestingly, the three bosses from Sinarmas have permanent residents in Singapore. It is not difficult to obtain information or data from the three children of Eka Tjipta Widjaja.

Berdasarkan data dari situs https://www.acra.gov.sg, Franky Oesman Widjaja memiliki National Registration Identity Card (NRIC) dengan nomor S2173296F, Muktar Widjaja memiliki NRIC dengan nomor S2173298B dengan lokasi di Dalvey, Singapore, dan Indra Widjaja memiliki NRIC dengan nomor S2173299J.

PR citizens (aged 15 years and older) were given a blue National Registration Identity Card (NRIC), in contrast to Singaporean citizens who were pink.

Waiting For Firm Steps From The Government

Director of Digital Economy Celios Nailul Huda asked the government to review the status of PSN for BSD. According to him, the national understanding in PSN is for business entities that are in the country, not foreign.

"If the information regarding the ownership of BSD and Sinarmas Land is in accordance with what was informed, it is clear that the government must review the status for BSD," Nailul Huda told VOI, Tuesday, August 6.

As a first step, reports submitted to the KPK regarding Sinarmas and BSD should be followed up immediately and opened to the public. Huda added that if it is true that Sinarmas and BSD are proven, including PMA, whether the PSN status ethical is given.

"Here the state has an important role to play in revealing the status of Sinarmas Land companies whether they include PMA or not. If most of the capital is foreign, of course it is unethical if BSD is part of PSN. Especially with the facilities, it can borrow funds from government banks," he said.

The editor of VOI sent a letter to conduct an email interview to PT BSD and Sinarmas Group's public relations on Friday, August 2. However, until the news was published, not a single Sinarmas Land and Sinarmas Group had given their right to answer.

Investment Rules In Indonesia

Foreign Investment (PMA) is an activity to invest in business in the territory of the Republic of Indonesia which is carried out by foreign investors, both using foreign capital completely and in partnership with domestic investors. This is regulated in Law Number 25 of 2007 concerning Investment (UU 25/2007).

Foreign capital growers are not only individuals but can also be foreign business entities as described in Law 25/2007 Article 1 Number 6, namely foreign capital growers are individuals of foreign nationals, foreign business entities, and/or foreign governments that carry out investment in the territory of the Republic of Indonesia.

Limited Liability Company (PT) is said to be PMA if all or some of its shares are owned by foreign parties. PMA status can change to Domestic Investment (PMDN). Changes in PT's status from PMA to PMDN are carried out, if overall shares in the company are owned by Indonesian shareholders.

If PT PMA will establish a new PT as its subsidiary, then the new PT will become PT PMA as well. This is clearly regulated in Article 1 number 8 of Law 25/2007 which states: foreign capital is the capital owned by foreign countries, foreign nationals, foreign business entities, foreign legal entities, and/or Indonesian legal entities whose part or all capital is owned by foreign parties.

Based on the regulation, it is suspected that PT BSD Tbk is part of the Sinarmas Land PMA as if it is difficult to see. So, is there a debt owned by PT BSD to state banks in Indonesia when they were still closed-door companies and PMDN?