{
    "success": true,
    "data": {
        "id": 1763181,
        "msgid": "10-palm-oil-companies-to-face-purbayas-crackdown-as-decision-looms-this-week-1780158974",
        "date": "2026-05-25 13:56:00",
        "title": "10 Palm Oil Companies to Face Purbaya's Crackdown as Decision Looms This Week",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "Finance Minister Purbaya Yudhi Sadewa is seeking reports from the Financial Development Supervisory Agency (BPKP) and Attorney General's Office on 10 palm oil firms accused of under-invoicing exports. The companies allegedly used Singapore shell companies to inflate prices, with some transactions quadrupling costs. The investigation also targets coal exporters, as authorities aim to enforce compliance without dismantling businesses.",
        "content": "<p>Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa is\npursuing reports from the Financial Development Supervisory Agency\n(BPKP) and Attorney General\u2019s Office regarding 10 palm oil or CPO\ncompanies engaged in export invoice manipulation, known as\nunder-invoicing. Previously, the BPKP and Attorney General\u2019s Office have\nacted in response to Purbaya\u2019s findings. \u2018I will request a report from\nthem next week on the progress,\u2019 Purbaya said in Jakarta last Friday\n(22\/5\/2026). Purbaya is confident that his findings on the export price\nmanipulation by the 10 companies are clear, constituting deceptive\ntransfer pricing practices. He has declined to name the 10 exporters\ninvolved but stressed that coal companies are also being investigated by\nthe Attorney General\u2019s Office and BPKP for export price manipulation.\n\u2018Once resolved, we won\u2019t shut down the companies; we merely require them\nto comply with regulations. With the single seller arrangement in place,\nthings should be secure,\u2019 Purbaya stated firmly. The 10 companies\nidentified through random sampling manipulated exports using\nSingapore-based shell companies. The scheme involved listing low CPO\nprices for destination countries but altering the selling price after\nentering Singapore. \u2018Shipped to Singapore via trading companies they\nown, then to the final destination with prices doubled or more\u2014some 200%\nhigher, others quadrupled,\u2019 Purbaya explained.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/10-palm-oil-companies-to-face-purbayas-crackdown-as-decision-looms-this-week-1780158974",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}