Breaking: Indictments Issued in PT Timah (Persero) Tbk Smelter Corruption Case; Environment Damage Estimated at Rp 152 Trillion
Jakarta, CNBC Indonesia, Thursday, January 2, 2025 – The Indonesian Prosecutors’ Office has announced the addition of five new suspects in the corruption case involving smelter operations at PT Timah (Persistent) Tbk. This was revealed during a press conference organized by the Coordinating Ministry for Combating Corruption and Good Governance at the Supreme Prosecutor’s Office.
"We have identified five corporations that will be named as suspects in this case," said Attorney General ST Burhanuddin.
The five corporations are PT RBT, PT SIP, PT TIN, PT SB, and CV VIP. Additionally, two other corporations, PT AL and PT MRM, are suspected of money laundering involving smelter operations at PT Timah.
In an astonishing revelation, Deputy Prosecutor Febrie Adriansyah announced that the environmental damage caused by these corporations will be borne by each company individually. The environmental damage cost for each company is estimated as follows:
- PT RBT: Rp 38 Trillion
- PT SB: Rp 23.6 Trillion
- PT SIP: Rp 24.1 Trillion
- PT TIN: Rp 23.6 Trillion
- CV VIP: Rp 24 Trillion
These staggering figures sum up to approximately Rp 152 Trillion. The total potential loss to the state is Rp 310.6 Trillion, making this one of the largest corruption cases in Indonesian history. Notably, Harvey Moeis, husband of Sandra Dewi, is also entangled in this webs of corruption.
February explained the case based on three main actions:
- Collaboration in leasing mining equipment,
- Transfers of funds between PT Timah and private parties,
- Environmental damage due to mining activities.
Indonesia’s economy, particularly that of the Bangka Belitung islands, is expected to suffer a loss of Rp 15 Trillion due to this corruption case.
Watch the video below:
Video: Corruption in Timah Brought Economy of Bangka Belitung to Rp 15 Trillion Loss
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