Indonesia's KPK summons LPEI official over alleged credit‑fraud scheme

Jakarta's Corruption Eradication Commission (KPK) has called Sylvia Sandyazmara Devi, head of the Guarantee and Trade Finance Division at the Indonesian Export Financing Agency (LPEI), to appear as a witness in its investigation of alleged corruption in the granting of credit facilities.

The probe follows KPK’s March 3, 2025 indictment of five suspects – two LPEI executives (Dwi Wahyudi and Arif Setiawan) and three officials from PT Petro Energy – for a scheme that may have caused state losses exceeding Rp11 trillion. Auditors testifying at the Jakarta Corruption Court detailed the financial condition of two palm‑oil firms that received LPEI financing: PT Tebo Indah, which carried long‑term bank debt of about Rp669 billion and short‑term debt of Rp76 billion and posted consecutive losses of roughly Rp24.9‑44.9 billion, and PT Pratama Agro Sawit, which recorded cumulative losses of about Rp50 billion and owed roughly Rp68 billion to Bank Arta Graha. The auditors emphasized ongoing negative cash flows and going‑concern concerns before the companies obtained LPEI credit.

KPK scheduled the witness interview at its Red‑White building in Jakarta, signalling a continued pursuit of accountability for the massive alleged misuse of state‑sponsored financing.