Eight Defendants in LPEI Corruption Case Allegedly Caused Rp992.82 Billion State Loss
Jakarta (ANTARA) - Eight defendants in an alleged corruption case involving national export financing at the Indonesia Export Import Bank (LPEI) for the period 2015-2020 are suspected of causing state financial losses of Rp992.82 billion.
Public Prosecutor from the Attorney General’s Office, Arif Darmawan Wiratama, stated that the defendants participated in several interconnected criminal acts, which are viewed as a continuous unlawful series of actions. “These unlawful acts enriched defendants Handoko Limaho and Liu Raymond, thereby harming state finances or the national economy,” the prosecutor stated during the indictment reading at the Corruption Court of the Central Jakarta District Court on Monday.
The eight defendants include Andi Maulana Adjie, Head of the LPEI Sharia Financing Division Department (2011-2017); Intan Apriadi, Head of the Sharia Financing Division I Department (2007-2016); Komaruzzaman, Head of the Sharia Financing Division II Department (2011-2016); and Gamaginta, Head of the LPEI Sharia Financing Division I Department (2017-2018). Also implicated are Dwi Wahyudi, Managing Director I of LPEI (2009-2018); Ryan Wahyud, Sharia Financing Relation Manager (2015-2018); Liu Raymond, Director of PT Tebo Indah (TI); and Handoko Limaho, the ultimate beneficial owner of PT TI and PT Pratama Agro Sawit.
The indictment was first read for four defendants—Handoko, Ryan, Dwi, and Liu—followed by the charges for Andi, Intan, Gamaginta, and Komaruzzaman.
The prosecution revealed that the unlawful acts began when Handoko, acting alongside Liu, applied for financing facilities. However, the applications included feasibility studies and asset valuation reports from a Public Appraiser Office (KJPP) that misrepresented the actual area of planted oil palm land. Furthermore, Handoko and Liu utilised fiduciary deeds for inventory and accounts receivable that did not align with audited financial statements, and applied for fund disbursements using fictitious invoices and contracts as supporting documents.
As the proposing officers, Ryan, Komaruzzaman, Gamaginta, Intan, and Andi are accused of failing to conduct inspections or ‘merchandise inspections’ on the debtor’s inventory and accounts receivable used as collateral. The prosecution further stated that these five defendants failed to verify the validity of data regarding oil palm planting areas, sales transactions, raw material purchases from suppliers, and the validity of supporting documents required for disbursement. “The five defendants, acting as proposers and the board of directors as the financing committee, accepted collateral in the form of a Letter of Undertaking (LoU) or statement letters that could not serve as valid collateral and could not be executed,” the prosecutor added.
Additionally, Dwi, alongside Basuki Setyadji, Arif Setiawan, Sinthya Roesly, and Adi Susanto, acting as the financing committee, allegedly approved the proposed financing facilities. As the committee, these five individuals are also suspected of approving the financing despite the debtor failing to provide a notarised cash deficit guarantee from the majority shareholders.