KPK Raids Ex-Dirut’s Residence; Seizes Assets in LPEI Corruption Case
The Corruption Eradication Commission (KPK) has provided updates on the corruption case involving the Indonesia Export Finance Institution (LPEI). In a significant development, KPK conducted a raid on the residence of a former state-owned enterprise (SOE) director in Jakarta.
"Today, January 9, 2025, KPK detectives carried out a search at one of the residences of a former SOE director in Jakarta," KPK spokesperson Tessa Mahardhika revealed in a statement yesterday.
During the raid, KPK seized several items, including three units of Piaggio Vespa motorcycles worth approximately IDR 1.5 billion and a Wuling car valued at around IDR 350 million. Electronics and documents allegedly related to the case were also confiscated.
"We have seized three units of Vespa Piaggio motorcycles worth approximately IDR 1.5 billion and two units of Wuling cars valued at around IDR 350 million," Tessa confirmed. She added that these assets are suspected to be connected to the money trail in the case.
KPK reminded the public not to engage in, hide, or shelter assets linked to suspects. They warned that such actions could result in legal consequences.
"Such actions, if undertaken to hide or conceal corrupt proceeds, would result in penalties under the Anti-Corruption Law or money laundering charges," KPK added.
The commission estimated the state’s probable loss in this case to be around IDR 1 trillion, allegedly due to a ‘refinancing’ scheme in LPEI’s loan and credit facilities.
" Preliminary investigations suggest a ‘refinancing’ scheme in LPEI’s loan and credit facilities, where new loans are taken to cover old ones." KPK chief Tessa Mahardhika expressed in a press release on November 7, 2024. "The estimated state loss is around IDR 1 trillion, with the funds sourced from the State Budget."
KPK continues to investigate the case and is considering charging other parties involved. Tessa also warned against any attempts to use KPK’s name to promise case dismissal.
