Indonesia Arrests 7 Top Executives In $12 Billion Oil Corruption Case

Indonesia’s Attorney General’s Office has revealed details of a major corruption case involving state-owned oil company Pertamina, which allegedly caused financial losses of $11.85 billion (193.7 trillion rupiah) to the state.

The scheme ran for at least five years, from 2018 to 2023. Authorities arrested seven executives on Monday night, February 24, including top officials from Pertamina and its subsidiaries.

Among those detained are: the CEO of Pertamina, Riva Siahaan; CEO of Pertamina International Shipping, Yooki Firnandi; and a director at Kilang Pertamina Internasional, Sani Dinar Saifuddin.

Prosecutors also arrested executives from private companies and a terminal operator. If convicted, they could face up to 20 years in prison and fines of one billio…

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