LPEI Responds to KPK Audit Findings on Petro Energy Financing

Background of the Misuse

The Corruption Eradication Commission (KPK) revealed the results of its forensic audit on the financing facility provided by the Indonesian Export Financing Agency (LPEI) to PT Petro Energy. The audit found that 90.03% of the total financing of Rp966 billion was misused as of July 2025. Specifically, Rp503.31 billion (49.15%) was used to repay Petro Energy's loans to LPEI, DBS Bank, and Bank Permata, while Rp428.84 billion (41.88%) was channeled to companies affiliated with Jimmy Marin, who serves as the President Commissioner of Petro Energy.

LPEI's Response to the Findings

In response to these findings, Dyza Rochadi, Head of the Secretariat Division and Institutional Relations of LPEI, emphasized that the financing in question was disbursed between 2015 and 2017. He assured that LPEI had established sufficient Loss Allowance (CKPN), which means that the misuse does not directly affect the institution's financial performance. Dyza also stated that all legal processes related to the case have been handed over to the relevant law enforcement agencies.

Implications and Next Steps

This case highlights significant concerns regarding the governance and oversight of state financing institutions in Indonesia. The KPK's findings indicate a need for enhanced monitoring and stricter controls over the use of funds by recipient companies. As the legal process continues, the outcome of this case is expected to have implications for the accountability and transparency of state-owned enterprises and financial institutions in Indonesia.