Polri names 3 suspects in Rp67.3 billion coal financing graft

Polri named three suspects in an alleged corruption scheme involving invoice financing facilities extended by PT Perusahaan Pengelola Aset to PT Bintang Abadi Sampurna for a coal procurement project for PT PLN Batubara Niaga in 2019-2020. The suspects are IT, an investment manager at PT PPA; FSN, head of operations at PT BAS; and FH, director of PT BAS, who is serving another sentence at Salemba Prison. From the initial Rp50 billion ceiling, funds disbursed reached Rp67.31 billion in eight stages. Investigators found that due diligence and risk analysis were not carried out, the validity of invoices was not verified, cash collateral requirements were ignored, and there was suspicion that bank statements were manipulated. BPK calculated the state loss at Rp38.848.461.055,81. Police also seized land and buildings in Medan, Bogor, Bekasi, Samarinda, and Sidoarjo worth about Rp14.4 billion.