Kortas Tipikor Seizes Rp 14.4 Billion in Assets in Coal Project Corruption Case

The Corruption Eradication Corps (Kortas Tipikor) of the Indonesian National Police has named three individuals as suspects in a corruption case related to investment financing for a coal project, which allegedly caused state losses of Rp 38.9 billion. Police have seized assets linked to the case. “In order to optimise asset recovery, investigators have seized assets in the form of land and buildings belonging to the suspects, spread across Medan, Bekasi, Bogor, Samarinda, and Sidoarjo, with an estimated value of Rp 14.4 billion,” said Kombes Ahmad Yusuf Afandi, Head of Operations at Kortastipidkor, during a press conference at the National Police Headquarters in South Jakarta on Monday. Yusuf stated that the investigation uncovered irregularities in the investment financing for the coal project. “This not only caused state financial losses but also has the potential to disrupt financing governance in national strategic sectors, including the energy sector,” he said. Yusuf emphasised that Kortas Tipikor is committed to completing the investigation and recovering state losses. “We will develop the investigation if evidence of involvement by other parties who can be held criminally responsible is found. We affirm that everyone is equal before the law, and whoever is involved will be investigated,” he stated. The alleged corruption occurred during the 2019-2020 period, with the investigation commencing in 2024. The three suspects are IT, an Investment Manager at PT PPA; FSN, Head of the Operational Division at Bintang Abadi Sempurna; and SH, Director of PT Bintang Abadi Sempurna, who is currently serving a sentence in a separate case. “From the beginning, there was a conspiracy between PT PPA, through IT, and the Director of PT BAS. One aspect of this was the manipulation of financial reports,” he said.