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Attorney General’s Office Raises PT Antam’s Alleged Corruption Case for Investigation

PT-antam-Corruption

TEMPO.CO, Jakarta – The Investigation Team at the Attorney General’s Office has investigated allegations of corruption in the management of gold commodity business activities at PT Aneka Tambang (Antam) 2015-2021. The case will be taken up for investigation.

The Head of the Attorney General’s Legal Information Center, Ketut Sumedana, explained that the investigation stage was carried out after his party had collected data. “And information from the parties related to these activities,” he said in a written statement, Friday, March 25, 2022.

Indonesia Attorney General
Attorney General of the Republic of Indonesia ST Burhanuddin gave a press statement after holding a meeting as part of the working visit of the Coordinating Minister for Political, Legal and Security Affairs at the Indonesian Attorney General's Office Building, Jakarta, Monday, March 15, 2021. The working visit was carried out to coordinate and discuss the handling of a number of corruption cases. TEMPO / Hilman Fathurrahman W

From the results of the investigation, it was found that it was suspected that there was a process of unlawful acts. First, PT Antam’s gold refining activities for the 2015-2021 period have determined rates for Contract of Work (CoW) and Non-CoW (Non-CoW) companies that are suspected of not complying with the provisions. That is the determination of PT Antam’s tariffs and printing costs, so that it can harm PT Antam,” said Ketut.

PT Antam Corruption Attorney General

Second, trading activities both export and import carried out by PT Antam to several counterparty companies have trading cooperation agreements. And use a premium or discount value that is not in accordance with the provisions.

Third, there is an allegation that PT Antam has purchased gold that does not have a London Bullion Market Association (LBMA) certificate, including gold with the Korean Zinc brand which was obtained from ICBC Bank Bullion.

LBMA

And fourth, it is alleged that the Contract of Work and Non Contract of Work companies did not fulfill the royalty payments in accordance with their obligations for gold mining production activities. “Based on this, it is suspected that it has caused state losses, so the case will be raised to the investigation stage early next week,” said Ketut.

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