A couple of years ago the public finally aware of the problem within the Indonesian Export Financing Agency (LPEI/Eximbank) which lead to graft investigation. The Attorney General’s Office (AGO) commence the process and named dozens of suspects in three cases, including allegation of obstruction of justice. By 2022, all parties have been found guilty, unfortunately far from media coverage. A year later, however, we learned that there is possibility of a development of investigation. Now, nine months after that, the news was proven to be true. The Minister of Finance recently visited the AGO and brought along reports on four debtors of the LPEI, alleging fraudulent acts which caused losses to the State. The interesting part is the Minister said this is only the first report and the second report will be related to six debtors. Combined, the two reports concern around Rp5 trillion of State losses.To subscribe please click here
