Indonesian Political, Business & Finance News

Judges Dismiss Rp 171.9 Trillion Loss Claim in Crude Oil Case, Deeming it Speculative

| | Source: KOMPAS Translated from Indonesian | Legal
Judges Dismiss Rp 171.9 Trillion Loss Claim in Crude Oil Case, Deeming it Speculative
Image: KOMPAS

JAKARTA, KOMPAS.com - The panel of judges assessed that the calculation of state economic losses amounting to Rp 171.9 trillion, submitted by the Public Prosecutor (JPU) in the indictment of the corruption case regarding the management of crude oil and refinery products of PT Pertamina Persero, was speculative.

This was detailed by the panel of judges in their legal considerations before reading out the verdict to the Director of PT Pertamina Patra Niaga, Riva Siahaan, and two other defendants, the Director of Marketing and Trading of PT Pertamina Patra Niaga, Maya Kusmaya, and the VP of Trading Operations of PT Pertamina Patra Niaga, Edward Corne.

“Considering, regarding the calculation of state losses of Rp 171,997,835,294,293.00 or Rp 171.9 trillion, which represents the overpricing of fuel procurement prices that impacted the economic burden, and illegal gains of 2,617,683,340.41 US dollars or 2.6 billion US dollars in the form of illegal profits obtained from the difference between the import price of fuel exceeding the quota and the procurement price of crude oil and fuel from domestic refineries, as a report analyzing the economic losses of the state due to the corruption case in the management of oil and refinery products at PT Pertamina’s subsidiary and oil and gas contractors during the period 2018-2023, from experts in the field of oil and refinery product management of PT Pertamina’s subsidiary and cooperation contractors on June 9, 2025,” said Judge Sigit Herman Binaji during the hearing at the Jakarta Corruption Court, Thursday (February 26, 2026).

He added that the calculation did not come from the Supreme Audit Agency (BPK) or the Financial and Development Supervisory Agency (BPKP), which are authorized to calculate state losses in corruption cases.

“Because the calculation of state losses was presented by expert witnesses Nailul Huda and Wiko Saputra and is based on assumptions, the panel of judges affirmed that the calculation is speculative and influenced by many factors, making it uncertain and not real, so the existence of state economic losses cannot yet be proven,” added Judge Sigit.

The judge stated that they accepted the calculation of state financial losses calculated by the BPK, which amounted to 2,732,816,820.63 US dollars or 2.7 billion US dollars, as well as Rp 25,439,881,674,368.30 or Rp 25.4 trillion.

“The panel agrees with the BPK’s calculation, except for the calculation of state economic losses calculated by economic experts Nailul Huda and Wiko Saputra, which is still speculative and uncertain because many factors influence the formulation of the calculation of state financial losses, so there is not enough evidence regarding state economic losses,” said Judge Sigit.

Based on these considerations, the panel of judges did not consider the aspect of state economic losses in imposing sentences on the defendants.

Meanwhile, Edward was sentenced to 10 years in prison with a fine of Rp 1 billion or 190 days in prison.

The three defendants were found guilty of committing unlawful acts in the procurement of imported refinery products.

In their consideration, for the procurement of imported refinery products, Riva and Maya gave special treatment to a number of foreign companies based on recommendations from Edward Corne.

This special treatment included Edward providing advance notice of the estimated price (HPS) so that partner companies could adjust their prices and win the tender.

Some of these foreign companies are BP Singapore PTE LTD and Sinochem International Oil PTE LTD.

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