Financial Crimes
A chilling look into the underworld of corruption, illicit wealth, and shadow economies.
Ex-Taspen CEO, and a business associate jailed for graft in Rp1 T fake investment case
The Jakarta Corruption Court on Monday, October 6, 2025 sentenced Antonius Nicholas Stephanus Kosasih, former President Director of State-owned pension insureance company PT Taspen, to 10 years in prison and fined him Rp500 million for his role in a fraudulent investment scheme that caused state losses of up to Rp1 trillion (US$60,000).
Singapore’s Chief Justice denies bail for fugitive Paulus Tannos in extradition case
Singapore’s Chief Justice Sundaresh Menon on Thursday, October 2, 2025 dismissed a renewed bid by Indonesian fugitive Paulus Tannos to be released on bail, considering that his health conditions do not meet the legal threshold of being “sick or infirm.”
OJK secures arrest of fugitive ex-Investree Director following Interpol Red Notice
The Financial Services Authority (OJK) has arrested fugitive former director of PT Investree Radikajaya, also known as Investree, Adrian Gunadi (AAG).
Interpol Indonesia tracks down high-profile fugitives abroad
The National Central Bureau (NCB) Interpol Indonesia claims to have located several high-profile fugitives currently abroad, including oil trader Riza Chalid, former presidential staffer Jurist Tan, ex-Investree CEO Adrian Asharyanto Gunadi, and drug kingpin Fredy Pratama.
Suspicious transactions detected in Panca Global Sekuritas investor accounts at BCA
Suspicious activities were detected in the Investor Fund Accounts (RDN) of PT Panca Global Sekuritas at PT Bank Central Asia (BCA) on Tuesday, September 9, 2025, as the accounts, which are designated for investors and securities companies to conduct capital market transactions, experienced repeated fund withdrawals within a short period of time.
Lawyer dismisses Nadiem receiving money from “Chromebook” procurement
Lawyer for Former Minister of Education, Culture, Research, and Technology, Nadiem Makarim, has denied that his client received any funds from the 2019-2022 procurement of Chromebook laptops for the Education, Culture, Research, and Technology Ministry, which has estimatingly caused Rp1.98 trillion (US$120 million) in State losses.
Four defendants in Rp282 B Telkomsigma fictitious project case face different sentences
The Corruption Eradication Commission (KPK) has demanded prison sentences ranging from four to four-and-a-half years for four defendants in the fictitious procurement project of servers and storage at PT Sigma Cipta Caraka (SCC) or Telkomsigma, valued at Rp282 billion (US$17.2 million).
Prosecutors name three new suspects in TaniHub graft, money laundering case
The South Jakarta Prosecutors’ Office has named three new suspects in the alleged corruption and money laundering (TPPU) case involving investment funds from MDI Ventures to TaniHub Group and its affiliates between 2019 and 2023.
Indonesia halts lobster seed exports amid rising illegal trade
The Ministry of Marine Affairs and Fisheries (KKP) has once again suspended the export of lobster seeds, known locally as benih bening lobster (BBL), due to persistent illegal trading activities.
Prabowo to evaluate cabinet following the arrest of Deputy Manpower Minister
President Prabowo Subianto is set to conduct an evaluation of his Cabinet members after the Corruption Eradication Commission (KPK) carried out a sting operation against Deputy Manpower Minister Immanuel Ebenezer, an incident serving as a reminder for government officials to refrain from engaging in corrupt practices.
KPK arrests East Kalimantan mining tycoon in corruption probe
The Corruption Eradication Commission (KPK) has arrested East Kalimantan mining businessman Rudy Ong Chandra (ROC) after he was named a suspect in an alleged bribery case linked to mining business permits (IUP) in the province between 2013 and 2018.
Deputy Manpower Minister’s arrest, a slap to Prabowo-Gibran administration
Chairman of the Confederation of Congress of Indonesian Unions Alliance (KASBI), Sunarno, described the arrest of Deputy Minister of Manpower Immanuel Ebenezer in a sting operation by the Corruption Eradication Commission (KPK) as both “deeply concerning” and a “hard slap” to the administration of President Prabowo Subianto and Vice President Gibran Rakabuming Raka.