Causing IDR 300 Billion Loss to the State, Erick Thohir Reports Four Pension Funds to the Attorney General's Office

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir submitted a report on the results of an audit of four problematic state-owned company pension funds to the Attorney General's Office (Kejagung).

The pension funds managed by the four BUMNs are PT Angkasa Pura I (AP I), PT Perkebunan Nusantara (PTPN), PT Rajawali Nusantara Indonesia (RNI)/ID FOOD, and PT Inhutani.

The report is the result of an audit by the Financial and Development Supervisory Agency (BPKP). Erick said that the results of the audit of the four problematic BUMNs caused state financial losses of up to IDR 300 billion.

"It is clear from the results of the audit with a specific aim that there was a state loss of IDR 300 billion and this has not been fully disclosed by the BPKP and the Prosecutor's Office," he said in a press conference at the Attorney General's office, Jakarta, Tuesday, October 3.

Furthermore, Erick said that the Attorney General's Office was committed to resolving this problematic BUMN pension fund case without discrimination.

"The Attorney General and the entire Prosecutor's Office will clean up the elements who are really detrimental to pensioners, whose old days, which were once bright, are gone," said Erick.

Meanwhile, the Head of BPKP, Muhammad Yusuf Ateh, said that his party had just conducted sampling from 10 percent of the pension funds managed by the four BUMNs.

"From these four samples, we also took a 10 percent sampling of investment transactions of at least around IDR 1.125 trillion. "And we found that some of these transactions were carried out without paying attention to the principles of good governance," said Ateh.

Furthermore, Ateh revealed that of the four BUNN pension funds, two of them were suspected of corruption. Meanwhile, the rest were involved in wrong investment placement.

"In fact, of these four pension funds, two have indications of fraud," he said.