The Attorney General's Office Confiscates The Proceeds Of Money Laundering IDR 23.7 Billion In The Jambi Bank Case

Illustration of money laundering (ANTARA)

JAMBI - The Jambi High Prosecutor's Office investigating team confiscated money from the money laundering crime from the suspect, former Jambi Bank President Director Yunsak El Hacon (YEH), worth Rp. 23.78 billion.

Suspect YEH was involved in a corruption case of failing to pay a medium tram note (MTN) or debt-based securities in 2017-2018 by PT SNP (SNP Finance) at Bank Jambi worth IDR 310 billion.

Jambi High Prosecutor's Office Head Elan Suherlan said that currently the progress of the TPPU investigation originating from the MTN PT SNP default on Bank Jambi has reached the confiscation of assets in the form of money worth Rp23,787,868,973.02.

The confiscation was carried out based on Sita Order Number: Print-627/L.5/Fd.1/06/2023 and Minutes of Confiscation dated June 15, 2023. The money came from 32 deposits and four savings accounts belonging to suspect YEH and this case continues to be handled by prosecutors.

The confiscation complements the evidence previously confiscated by investigators, namely a housing unit that stands on two plots of land having its address at Discovery Eola Blok F Number 1 Parigi Village, Pondok Aren District, South Tangerang City.

"The Jambi Attorney General's Office for Special Crimes assisted by intelligence will continue to carry out tracing assets for confiscation to recover state financial losses that occurred in this case. In fact, even after the case is tried if assets that have not been confiscated are found, based on the provisions of Article 81 of Law Number 8 of 2010 concerning the Prevention and Eradication of Money Laundering (TPPU), prosecutors can confiscate them on the orders of the judge," said Elan Suherlan, quoted by ANTARA, Thursday, June 15.

Furthermore, investigators will immediately determine the suspect in the investigation of the money laundering offense case, then combine the money laundering case with the corruption case as the original crime in one indictment and submit it to the court.

In this case, Jambi Attorney General's Office investigators have named four suspects, namely LD as Director of PT Kalimantanbindo Perdana-Cash and Credit/Director of PT Citra Prima Mandiri (Columbia) or son of Leo Candra (main commissioner/owner/owner of PT SNP); DS as Director of Investment Banking of PT MNC Sekuritas 2014-2019; AI as Acting Director of Capital Market of PT MNC Sekuritas 2016-2019); and YEH as Director of Marketing of Bank Jambi 2016-2020 and currently President Director of Bank Jambi.

Of the four suspects, one person with the initials LD was declared a DPO (wanted list) and another person with the initials AI is serving a sentence in another case at the Class II A Bukittinggi Prison, West Sumatra.

"Meanwhile, the other two people, namely DS and YEH, are currently being detained by the Jambi Attorney General's Office," said Elan.

The case began in 2017 and 2018, Bank Jambi invested in the placement of funds at PT SNP (Sunprima Nusantara Financing) in the form of MTN purchases (Medium Term Note or medium-term debt securities). In the MTN issuance process, PT SNP (as an issuer/biter) has used financial reports whose data is manipulated so that the company's financial condition seems to look healthy and has good business prospects.

In fact, the fact is that since 2010 PT SNP has experienced financial difficulties as seen from the company's cash flow, namely money coming out more than money coming in.

The data on financial reports that were not in accordance with the actual facts were then used by PT MNC Sekuritas (as an arranger appointed by PT SNP) in compiling MTN offering documents for PT SNP in the form of memorandum info and teasers to be submitted to potential investors, one of which is Bank Jambi.

In addition, there was also an agreement to provide an unofficial fee which was an unnatural advantage from PT SNP to PT MNC Sekuritas of 3 percent, which was given through PT Tunas Tri Artha, which seemed to act as a selling agent from PT. MNC Sekuritas.

This 3 percent fee was then used by PT MNC Sekuritas to launch its business by making a number of gifts, including houses, money, cars, big motorbikes, savings and ATMs, and travel costs abroad to certain parties at Bank Jambi so that Bank Jambi was willing to place funds by buying MTN PT SNP without going through the proper procedure.

"As a result, in the midst of the MTN period of travel, PT SNP was unable to pay a coup or MTN interest to Bank Jambi and suffered default when it was due, resulting in state financial losses of Rp310,118,271,000," said Elan Suherlan.