Three coal corruption defendants from PT PPA undergo first hearing

Three defendants in the alleged corruption case involving coal procurement financing by PT Perusahaan Pengelola Aset (PPA) for the 2018–2020 period appeared for their first hearing at the Jakarta Corruption Court on Wednesday.

The three defendants are PT PPA Investment Manager Imanuel Tarigan, Head of Operations Division at PT Bintang Abadi Sampurna (BAS) Firman Saputra Nugraha, and PT BAS Director Faizal.

According to the Case Tracking Information System of the Central Jakarta District Court, the first hearing, with the agenda of reading the indictment, was scheduled for 09.00 WIB in the Muhammad Hatta Ali courtroom.

The panel of judges assigned to hear the case is chaired by Brelly Yuniar Dien Wardi Haskori, with Edward Agus and Hiashinta Fransiska Manalu as members.

In this case, the three defendants are charged with causing state financial losses of Rp38 billion.

The state losses allegedly resulted from the provision of invoice financing facilities by PT PPA to PT BAS in a coal procurement project for PT PLN Batubara Niaga.

PT PPA initially provided a financing facility worth Rp50 billion to PT BAS through an invoice financing scheme.

However, in practice, the funds disbursed reached approximately Rp67.31 billion through eight disbursements.

A number of irregularities allegedly occurred in the process, including the failure to conduct due diligence and risk analysis, failure to verify the authenticity of invoice documents, disregard for cash collateral requirements, and alleged manipulation of bank statements as the basis for fund disbursement.

This series of actions is alleged to have resulted in state financial losses of Rp38 billion.