Indonesian Political, Business & Finance News

Bareskrim Exposes PT PPA Financing Corruption, State Losses Reach IDR 38.9 Billion

| Source: ANTARA_ID Translated from Indonesian | Legal
Bareskrim Exposes PT PPA Financing Corruption, State Losses Reach IDR 38.9 Billion
Image: ANTARA_ID

The Corruption Eradication Corps (Kortas Tipidkor) of the National Police’s Criminal Investigation Agency (Bareskrim) has announced the detention of two suspects in a case of alleged corruption involving the provision of invoice financing facilities by PT Perusahaan Pengelola Aset (PT PPA) to PT Bintang Abadi Sempurna. The financing was intended for a coal procurement project for PT PLN Batu Bara during the 2019-2020 period. Kabagops Kortas Tipidkor Polri, Senior Commissioner Ahmad Yusuf Afandi, revealed during a press conference in Jakarta on Monday that the case has resulted in state losses amounting to IDR 38.9 billion.

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