{
    "success": true,
    "data": {
        "id": 1747380,
        "msgid": "eight-defendants-face-charges-over-alleged-rp992-82-billion-lpei-corruption-scandal-1780897128",
        "date": "2026-05-18 20:59:00",
        "title": "Eight Defendants Face Charges Over Alleged Rp992.82 Billion LPEI Corruption Scandal",
        "author": "Irvan Sihombing",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Finance",
        "summary": "Eight defendants appeared in the Jakarta Central Corruption Court facing charges related to a massive corruption case involving the Export Import Bank of Indonesia (LPEI). The case involves alleged fraudulent financing that has reportedly caused state losses of approximately Rp992.82 billion.",
        "content": "<p>Eight defendants in the alleged corruption case involving national\nexport financing at the Export Import Bank of Indonesia (LPEI) between\n2015 and 2020 officially underwent indictment reading at the Corruption\nCourt of the Central Jakarta District Court on Monday (18\/5). The case\nis alleged to have caused state financial losses amounting to Rp992.82\nbillion.<\/p>\n<p>The Public Prosecutor from the Attorney General\u2019s Office, Arif\nDarmawan Wiratama, stated that the defendants committed the criminal\nacts jointly and continuously. These unlawful acts are reported to have\nenriched private parties, specifically defendants Handoko Limaho and Liu\nRaymond.<\/p>\n<p>In the indictment, the prosecution revealed that the corruption began\nwhen Handoko Limaho and Liu Raymond applied for financing facilities by\nattaching documents that did not reflect actual field conditions. They\nutilised asset valuation reports from a Public Appraisal Services Office\n(KJPP) that manipulated the area of palm oil plantations.<\/p>\n<p>Furthermore, the defendants used fiduciary deed documents for\ninventory and accounts receivable that did not align with audited\nfinancial statements. \u201cThey applied for the disbursement of financing\nfacilities using supporting documents consisting of fictitious invoices\nand contracts,\u201d the prosecutor stated during the trial.<\/p>\n<p>The prosecution also highlighted the roles of LPEI officials acting\nas proposers and financing committee members. They are accused of\nfailing to conduct merchandise inspections or physical examinations of\nthe goods used as collateral.<\/p>\n<p>More critically, the financing committee proceeded with approvals\neven though the debtors failed to provide legally notarised cash deficit\nguarantees. The collateral accepted instead consisted of Letters of\nUndertaking (LoU) which lacked executory power.<\/p>\n<p>Due to their actions, the eight defendants are charged with violating\nArticles 603 or 604 in conjunction with Article 20 letter c of the\nNational Criminal Code, in relation to Article 8 of the Law on the\nEradication of Corruption Crimes. The trial will continue with the\nexamination of witnesses next week.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/eight-defendants-face-charges-over-alleged-rp992-82-billion-lpei-corruption-scandal-1780897128",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}