LPS receives Rp2.78 billion from Indramayu corruption auction

The Indonesia Deposit Insurance Corporation (LPS) has received Rp2,786,999,831 from the Indramayu District Attorney's Office. These funds are the result of an auction of seized assets related to a corruption case involving Perumda BPR Karya Remaja Indramayu (KRI).

Fajar Bawono, Director of the Bank Liquidation Group at LPS, stated that the handover follows a final and binding court ruling. The recovery effort is part of a broader liquidation process for BPR KRI. To date, approximately Rp120 billion has been collected through collection and auction efforts, representing about 40 percent of the Rp312 billion in deposit insurance claims paid out by LPS to customers.

LPS continues to coordinate with the Indramayu District Attorney to auction hundreds of remaining credit collateral items to further optimize asset recovery and mitigate losses from the insurance claims.