KPK Probes Investments by Indonesia-Japan Joint Venture Company

Jakarta (ANTARA) - The Corruption Eradication Commission (KPK) is delving into the investment activities conducted by the Indonesia-Japan joint venture company, PPT Energy Trading Co., Ltd (PPT ET), as part of its investigation into alleged corruption in the management of capital investments and long-term loans during the 2015-2022 period.

KPK spokesperson Budi Prasetyo stated that investigators conducted examinations of two witnesses on 11 May 2026, namely ATH, an Internal Audit officer at PT Pertamina (Persero), and ASA, Vice President of Upstream Business Planning and Portfolio Management at PT Pertamina Hulu Energi.

“Investigators sought statements from the witnesses regarding the investment and acquisition activities of PPT ET,” Budi said in Jakarta on Tuesday.

In the course of the investigation, the KPK has also prohibited three individuals from travelling abroad, namely MH from PPT ET, as well as MZ and OA from the private sector. The anti-corruption agency has designated suspects but has not yet disclosed their identities to the public.

According to the official website of PPT ET, PT Pertamina (Persero) is known to hold 50 percent of the shares in the Indonesia-Japan joint venture company.

The remaining shares are owned by 13 Japanese companies, namely Toyota Motor Corporation, ENEOS Corporation, Chubu Electric Power, The Kansai Electric Power, INPEX Corporation, Cosmo Oil, Tokyo Electric Power Company Holdings, Idemitsu Kosan, Japan Petroleum Exploration (JAPEX), Tokyo Gas, Kashima Oil, Kyushu Electric Power, and Nippon Steel Engineering.