Eight Defendants Charged in LPEI Export Financing Corruption Case Causing Rp 992 Billion State Loss
Public prosecutors from the Jakarta High Prosecutor’s Office have indicted eight individuals for their involvement in corruption related to export financing from the Indonesia Export Financing Agency (LPEI) during the 2014-2015 period. Prosecutors stated that the case has caused state financial losses amounting to Rp 992.8 billion.
“Consequently, this has caused losses to state finances or the national economy of Rp 992,820,628,200, or at least approximately that amount, according to the state loss audit report by BPKP number PE.03.03 dated 9 February 2026,” stated the prosecutor during the opening statement of the indictment at the Central Jakarta Corruption Court on Monday (18/5/2026).
The eight defendants identified in the case are:
Former Head of the Sharia Financing Division of LPEI (2011-2017), Andi Maulana Adjie
Former Head of Division of Sharia Financing LPEI (2007-2016), Intan Apriadi
Former Head of Sharia Department 1 LPEI (2017-2018), Gamaginta
Former Head of Sharia Financing Department 2 (2011-2016), Komaruzzaman
Director of PT Tebo Indah, Liu Raymond (LR)
Former Managing Director of LPEI Business Unit 1 (2009-2018), Dwi Wahyudi
Sharia Financing Relation Manager 1 LPEI, Ryan Wahyudi
Handoko Limaho, as the Beneficial Owner of PT Tebo Indo (TI) and PT Pratama Agro Sawit.
Prosecutors alleged that the defendants engaged in corruption regarding export financing provided by LPEI to PT Tebo Indo and PT Pratama Agro Sawit between 2015 and 2023. The prosecution claims that the credit facilities provided by LPEI were not utilised for their intended purposes.
“LPEI provided credit facilities to PT Tebo Indah and PT PAS even though they were aware that these companies were not eligible for such credit,” the prosecutor stated. Furthermore, the prosecution noted that the LPEI directors at the time failed to conduct inspections of the collateral provided by PT Tebo Indah and PT PAS. The prosecution intends to present evidence including testimony from 112 witnesses, three experts, the state loss calculation report from BPKP, and other supporting evidence.
The prosecutors believe the defendants are guilty of violating Article 603 or Article 604 in conjunction with Article 20 letter c of Law Number 1 of 2023 concerning the Criminal Code, in conjunction with Article 8 of Law Number 31/1999. Notably, this LPEI case is a separate matter from those handled by the Corruption Eradication Commission (KPK).