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

The National Police’s Anti-Corruption Task Force (Kortas Tipikor Polri) has named three individuals as suspects in an alleged corruption case involving coal project financing that caused state losses of Rp 38.9 billion. The police have seized a number of assets connected to the case.

“As part of optimising asset recovery, investigators have seized a number of 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 around Rp 14.4 billion,” said the Head of Operations of the Anti-Corruption Task Force, Commissioner Ahmad Yusuf Afandi, at a press conference at National Police Headquarters, South Jakarta, on Monday (20/7/2026).

Yusuf said the seizures form part of efforts to recover state financial losses. He said there are alleged irregularities in the investment financing of a coal project which resulted in losses to state finances.

“But it also has the potential to disrupt the governance of financing in national strategic sectors, including the energy sector,” he said.

Yusuf emphasised that Kortas Tipikor will see this case through to completion. He is targeting the recovery of the state’s financial losses.

“The investigation will be expanded if the involvement of other parties who can be held criminally responsible is discovered. We affirm that everyone is equal before the law, so anyone involved will be investigated,” he said.

The alleged offences took place between 2019 and 2020. The inquiry has been under way since 2024.

In total, there are three suspects in this case. They are the Investment Manager of PT PPA with the initials IT, the Head of the Operational Division of Bintang Abadi Sempurna with the initials FSN, and another suspect with the initials SH, who serves as a Director of PT Bintang Abadi Sempurna and is currently serving a prison sentence in a separate case.

“From the outset, there was an agreement between PT PPA’s representative, one IT, and the Director of PT BAS. Among other things, this involved the manipulation of financial reports,” he said.