Purbaya Coordinates with the Attorney General over Findings of 10 Companies Manipulating Export Prices
JAKARTA — Finance Minister Purbaya Yudhi Sadewa has said he has coordinated with Attorney General Sanitiar Burhanuddin over indications concerning 10 crude palm oil (CPO) firms accused of under-invoicing. Under-invoicing is fraud in export–import activities by manipulating data so that state revenue is lower.
“Yes, yes,” Purbaya said at the Presidential Palace Complex, Jakarta, on Friday, 22 May 2026, when asked whether he had coordinated with the Attorney General.
According to Purbaya, the Attorney General’s Office (Kejaksaan Agung) and the Financial and Development Supervisory Agency (BPKP) have also begun to delve into the findings related to the 10 companies that undertook under-invoicing.
“BPKP and the Attorney General’s Office are moving; I am waiting for their reports, how long it has been. So that is their entry point,” he said.
He noted that more than a dozen companies were being checked by the Ministry of Finance (Kemenkeu) for under-invoicing. However, he reported about 10 companies to the AG.
“I selected the 10 largest that were announced, but I have more – over 15 that we checked. This is just the CPO,” he said.
From the findings, Purbaya is confident that the 10 companies had engaged in export price manipulation.
He stressed that he had developed an accurate checking framework to trace alleged under-invoicing in those 10 CPO companies.
Previously, Purbaya had identified 10 companies in the CPO sector suspected of under-invoicing.
The report on this matter was also raised by Purbaya when he was invited for lunch with President Prabowo Subianto and several ministers at the Presidential Palace Complex, Jakarta, on Thursday, 21 May 2026.
“There are several notes about which CPO companies engaged in price manipulation,” Purbaya said on Thursday.
He explained that the companies were not recording export data accurately, resulting in lower state revenue.
“There are several large companies clearly doing this, for example, exports to the United States. So the price here is only a quarter or a third of what it is in the US. Then here it becomes a loss. So income is lower, and the export value is also lower here,” he added.