Indonesian Political, Business & Finance News

List of Eddy Tansil's Assets Surrendered to the State

| Source: CNN_ID Translated from Indonesian | Legal
List of Eddy Tansil's Assets Surrendered to the State
Image: CNN_ID

The Asset Recovery Agency (BPA) of the Attorney General’s Office has surrendered a number of assets belonging to Eddy Tansil, the boss of PT Golden Key Group (PT GKG), who was convicted in a case involving the embezzlement of US$430 million, or approximately Rp1.3 trillion, in state funds. The surrendered assets include Rp51.6 billion in cash, 20 plots of land, a villa, and a factory. The handover took place during the BPA Fair 2026 Auction Results Handover event at the BPA building on Monday (15/6), attended by Attorney General ST Burhanuddin, Finance Minister Purbaya Yudhi Sadewa, LPSK Chairman Achmadi, and other senior officials. “On this occasion, we can also report that the BPA successfully traced assets in the name of convicted felon Eddy Tansil, amounting to Rp51,682,537,000 (51.6 billion),” said Head of the Attorney General’s BPA, Kuntadi, on Monday (15/6). Eddy Tansil’s assets were obtained through intensive negotiations with the bank. Kuntadi stated that the bank was willing to surrender Eddy Tansil’s assets which were previously under their control. In total, the Eddy Tansil assets recovered amount to Rp82,680,537,548. The total assets recovered consist of: cash amounting to Rp51,682,537,548; one plot of land measuring 1,550 square metres and four villa buildings in Megamendung Village, Bogor Regency, West Java; one plot of land measuring 26,403 square metres and the factory building of PT Rimba Subur Sejahtera (formerly the Becks Beer factory) in Tlajung Udik, Gunung Putri District, Bogor Regency, West Java; and 18 vacant plots of land in Argawana Village, Bojonegoro District, Serang Regency, Banten, acquired since 2025. During his career, Eddy Tansil became a corruptor who succeeded in embarrassing Indonesia amid global scrutiny over the Corruption, Collusion and Nepotism (KKN) of the New Order regime. For 30 years, Eddy Tansil has been “missing” with no legal accountability for the case that ensnared him. In 1991, leveraging his closeness to the then-Coordinating Minister for Political and Security Affairs, Sudomo, and Finance Minister JB Sumarlin, Eddy Tansil obtained credit from Bank Pembangunan Indonesia (Bapindo) through PT GKG. In partnership with Tommy Soeharto, Eddy Tansil used the credit to build a petrochemical factory named PT Hamparan Rejeki, a subsidiary of PT GKG. However, the company was merely a sham. The loan money obtained from the state went into personal pockets. The Central Jakarta District Court sentenced Eddy Tansil to 20 years in prison, a fine of Rp30 million, and a replacement payment of Rp500 billion for the embezzlement of US$430 million, or approximately Rp1.3 trillion at the exchange rate of the time, one year later. On Monday, 6 May 1996, at around 17:00 WIB, became a day most remembered by the Indonesian Government and its citizens. The news that Eddy Tansil had successfully escaped immediately caused a national uproar. He is suspected of fleeing to Singapore, then China. Eddy Tansil is said to have meticulously prepared his escape plan. He used a visit for heart treatment at Harapan Kita Hospital in Jakarta on 4 May 1996 as an alibi to facilitate the escape plan. According to regulations, Eddy Tansil, who was a detainee, should have been escorted by police officers and prison guards during medical treatment. However, that was not what happened. When he escaped, Eddy Tansil allegedly gave ‘cigarette money’ to the guard commander so that he would not receive an escort. To aid his escape, Eddy Tansil was known to have prepared a Suzuki Carry vehicle. The success of Eddy Tansil’s escape plan was also suspected to be due to cooperation with the gatekeepers at Cipinang Penitentiary who did not inspect the vehicle. At least 10 people were legally processed by the East Jakarta Police over the escape of the high-profile fugitive. The Indonesian Government, upon learning of the incident, was furious and formed a team via a Presidential Instruction from Soeharto. The manhunt was expanded on an international scale by engaging Kroll Associates, a New York-based company focused on handling fraud crimes. Despite this, all pursuit efforts have failed completely to this day.

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