Investigators Urged to Transparently Reveal Case Construction in Former Jampidsus Case

Indonesian Audit Watch (IAW) has reminded investigators to fully prove the alleged criminal act of corruption in the settlement of PT CBS’s debt to PT Krakatau Niaga Indonesia (KNI). The case is one of several that have ensnared former Deputy Attorney General for Special Crimes, Febrie Adriansyah. IAW Founding Secretary Iskandar Sitorus stressed that investigators must be able to clearly distinguish between business risks and actions that meet the elements of a criminal corruption offence. According to Iskandar, the case, previously handled by the National Police’s Corruption Eradication Task Force together with the Metro Jaya Police’s Special Criminal Investigation Directorate and now transferred to the Attorney General’s Office, is the third cluster in a series of investigations into alleged corruption within state-owned enterprises. ‘Debt is common in the business world. There are late payments, restructuring, submission of collateral, and business settlements. Therefore, investigators cannot immediately deem every debt settlement that causes a loss to a company as a criminal act of corruption,’ Iskandar told reporters on Friday, 17 July 2026. He stated that the investigation should not stop merely at the amount of debt or the potential loss to the company. According to him, law enforcement must prove whether the debt settlement process involved abuse of authority, conflicts of interest, bribery, gratuities, document manipulation, or the diversion of profits to certain parties. Iskandar noted that so far, the public only knows about the investigation into alleged corruption and money laundering in the settlement of PT CBS’s debt to PT KNI during the 2020-2025 period. However, the substance of the case has not been fully explained. ‘The public already knows there is an allegation of corruption in the debt settlement. But the public does not yet know the business relationship between the two companies, the value of the debt, the object of the transaction that created the receivable, the settlement scheme, or which decisions were allegedly influenced unlawfully. In other words, the public has only been given the title of the case, but the contents of the contract have never been openly disclosed,’ he said. Iskandar explained that PT KNI is part of the Krakatau Steel group engaged in steel trading. Therefore, any receivables of the company can indeed affect the financial condition within the state-owned enterprise ecosystem. Nevertheless, he reminded that the status of a subsidiary of a state-owned enterprise does not automatically make every business loss a state loss.