Indonesian Political, Business & Finance News

Silmy Karim's Wealth Revealed After Becoming KPK Suspect

| Source: CNBC Translated from Indonesian | Legal
Silmy Karim's Wealth Revealed After Becoming KPK Suspect
Image: CNBC

The Deputy Minister of Immigration and Correctional Services, Silmy Karim, who has surrendered himself to the Corruption Eradication Commission (KPK), possesses wealth amounting to Rp 234.5 billion. Silmy is one of the individuals being pursued by the KPK in connection with a series of sting operations (OTT) conducted in West Jakarta on 2-3 June 2026.

According to his wealth report on the KPK’s LHKPN website, his total assets are valued at Rp 234,596,795,910. This wealth includes 11 plots of land spread across East and South Jakarta valued at Rp 184,024,640,000. Additionally, Silmy owns seven vehicles, including motorcycles and cars, worth a total of Rp 8,475,000,000. His other assets include movable assets worth Rp 11,390,000,000, securities worth Rp 8,695,320,000, and cash and cash equivalents amounting to Rp 31,007,358,544.

The Chairman of the KPK, Setyo Budianto, detailed the allocation of funds spent by seven suspects in a corruption case involving the processing of residence permits for foreign nationals (WNA). The perpetrators allegedly used extortion proceeds for personal interests, including establishing a towing company to disguise the money received from illegal fees for visas, passports, labour permits, and stay permits.

“The funds were used by the parties for personal interests, asset purchases, or business activities, such as establishing a towing company to disguise the receipt of such funds,” S/he stated during a press conference on Thursday (4/6/2026).

The case originated from a closed investigation following up on the Foreign Worker Usage Plan (RPTKA) case at the Ministry of Manpower handled by the KPK in 2025, alongside financial transaction reports from the Indonesian Financial Transaction Reports and Analysis Centre (PPATK).

According to Setyo, when the case emerged and was handled by the KPK, there were withdrawals from prepared holding accounts. “The involved parties allegedly panicked and immediately withdrew money from the holding accounts. The money was then used to purchase gold. In fact, when purchasing houses, payments were made using gold pieces,” he noted.

PPATK reports revealed irregularities in financial transactions involving 35 employees of the Ministry of Immigration and Correctional Services between 2019 and 2025. Fund flows were discovered in 96 bank accounts with a total value of Rp 366.7 billion. Of this total, only Rp 9.7 billion (approximately 3%) originated from salaries and allowances, while the remaining Rp 357 billion (97%) allegedly came from applicants for immigration services, such as visas, passports, labour, and stay permits.

During the investigation, Silmy, acting as the Director General of Immigration for 2023-2024, is alleged to have engaged in extortion by ‘demanding a share’ from the processing of foreign national stay permits through the then-Director of Stay Permits, Jaya Saputra. The KPK suspects that parties within the Directorate General of Immigration or the Ministry of Immigration and Correctional Services received at least Rp 145.5 billion, either directly or through intermediaries, during the 2022-2026 period.

“The money was then distributed to officials within the Directorate General/Ministry of Immigration and Correctional Services every Friday. One individual, SK, allegedly received a regular share of Rp 100 million per week,” he explained.

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