HomeNewsVideos

Sjamsul Nursalim and wife named as suspects in BLBI corruption case

28 June 2019 13:39

Jakarta - The Corruption Eradication Commission (KPK) on Friday (28/6) summoned entrepreneur Sjamsul Nursalim and his wife Itjih Nursalim as suspects of corruption allegations related to the Bank Indonesia Liquidity Asisstance (BLBI) case.

"Both were summoned as suspects," KPK Head of Communication and Public Relations Yuyuk Andriati told the press.

Through the deal, BPPN took over the management of BDNI and Mr Nursalim, as the majority and controlling shareholder, was obliged to take responsibility of his obligations in terms of cash and asset handover.

Mr Nursalim had a cash obligation of Rp 47.258 trillion, excluding Rp 18.850 trillion of assets and including loans to farmers amounting to Rp 4.8 trillion. However, he violated the term by categorising the Rp 4.8 trillion assets as current receivables.

The violation was revealed during a Financial Due Diligence (FDD) and Legal Due Diligence (LDD), which revealed that the assets were non-performing.

BPPN asked Mr Nursalim to repay the losses, which he rejected. BPPN then handed the asset responsibility over to the Ministry of Finance, including the right to claim the debt of PT DCD and PT WM, which was eventually transferred by the ministry's Directorate-General of Budget to PT Perusahaan Pengelola Aset (PPA).

On May 24, 2007, PPA sold the right to claim plasma farmers' debt amounting to Rp 220 billion, while Mr Nursalim was obliged to pay Rp 4.8 trillion to the state. As a result, the state suffered a loss of Rp 4.58 trillion in the case. (ARM/MS)

© 2024 - IDN Financials - All Rights Reserved.