Police Name Three Suspects in Rp38.9 Billion Coal Financing Corruption Case

Jakarta, VIVA – The Indonesian National Police’s Corruption Eradication Corps (Kortastipidkor) has named three individuals as suspects in an alleged corruption case involving loan disbursements from PT Perusahaan Pengelola Aset (PPA) to PT BAS in connection with a coal procurement project covering 2019-2020.

Head of Operations at Kortastipidkor, Commissioner Ahmad Yusuf Afandi, said the three suspects are initials IT, Investment Manager at PT PPA; FSN, Head of the Operational Division at PT BAS; and FH, Director of PT BAS.

“Meanwhile, suspect FH, as Director of PT BAS, is currently serving a sentence in a separate case at Salemba Prison,” Yusuf said at National Police Headquarters on Monday, 20 July 2026.

Yusuf explained that the case originated from a financing facility of Rp50 billion provided through an invoice financing scheme. In practice, however, the funds disbursed to PT BAS reached approximately Rp67.31 billion across eight disbursements.

“But in its execution, the funds eventually disbursed reached around Rp67.31 billion through eight disbursements,” he said.

During the investigation, police found indications of several irregularities in the disbursement of the financing. These included risk analysis of the financing allegedly not being carried out properly, invoice documents and supporting documents being passed through without a verification process, and weak oversight of the cash collateral mechanism.

Investigators also suspect that bank statements were manipulated so that the balance of the guarantee account appeared to remain compliant with the requirements.

Based on the results of an investigative audit by the Audit Board of the Republic of Indonesia (BPK), the suspects’ actions allegedly caused state financial losses of Rp38.9 billion.

“According to the BPK RI’s investigative audit report on state financial losses, the actions of the suspects have resulted in state financial losses of Rp38.9 billion,” he said.