Indonesian Political, Business & Finance News

Four former LPEI officials sentenced to six years in corruption case

| Source: ANTARA_ID Translated from Indonesian | Legal
Four former LPEI officials sentenced to six years in corruption case
Image: ANTARA_ID

The defendants were found legally and convincingly guilty of participating in continuous acts of corruption, as outlined in the primary indictment by the public prosecutor.

Jakarta (ANTARA) - A total of four former officials of the Indonesia Export Financing Institution (LPEI) have been sentenced to six years in prison each in connection with the alleged corruption of national export financing by LPEI between 2015 and 2023.

In addition to the prison sentences, the four defendants were also fined Rp200 million each, with a provision that failure to pay will result in a substitute prison sentence of 90 days.

“The court declares the defendants proven legally and convincingly guilty of participating in continuous acts of corruption, as stated in the primary indictment of the public prosecutor,” said Chief Judge Brelly Yuniar Dien during the verdict reading at the Corruption Court of the Central Jakarta District Court on Monday night.

The Chief Judge stated that the four defendants, acting as proposers, failed to conduct inspections and merchandise inspections of the inventory and business receivables of debtors used as collateral when providing national export financing to PT Tebo Indah (TI) and PT Pratama Agro Sawit (PAS).

The four defendants were also found guilty of failing to ensure the validity of data regarding oil palm planted areas, sales transactions to buyers, and the purchase of raw materials from suppliers, as well as the validity of supporting data required for the disbursement of export financing.

As a result of these unlawful acts, PT TI and PT PAS were enriched, leading to state financial losses of Rp992.82 billion.

Consequently, the Chief Judge ruled that the four former LPEI officials were proven guilty of violating Article 603 in conjunction with Article 20 letter c and Article 126 paragraph (1) of the National Criminal Code.

Mitigating factors considered by the Panel of Judges included the fact that the four defendants had no prior criminal records other than this case, were relatively cooperative during the trial, have families to support, and did not personally profit from the criminal acts committed.

“The Panel of Judges is convinced that the sentences imposed on the defendants are appropriate, commensurate with the level of fault, and in line with justice,” said the Chief Judge.

The verdict is lighter than the prosecution’s demand. Previously, the four defendants faced a prison sentence of 8 years and 6 months each, along with a fine of Rp1 billion, with a substitute prison sentence of 190 days.

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