Indonesia has detained four senior executives from state-owned oil company Pertamina in connection with an alleged corruption scheme involving crude oil and oil product imports. The country’s Attorney General claims the illicit activities, spanning from 2018 to 2023, resulted in losses of up to $12 billion.
The arrests mark a significant escalation in the investigation into corruption at Pertamina, which has long been a central player in Indonesia’s energy sector. The alleged scheme is said to have involved inflated prices for imports and falsified transactions, ultimately leading to substantial financial losses for the nation.
This high-profile case has drawn attention to the need for greater oversight in Indonesia’s state-owned enterprises. Authorities have vowed to continue their investigations, signaling a tougher stance on corporate corruption within the energy sector. The outcomes of this case could have far-reaching implications for both Pertamina and Indonesia’s broader fight against corruption.
