REPUBLIKA.CO.ID, JAKARTA -- Corruption Eradication Commission (KPK) extended detention period of former head of the Indonesian Bank Restructuring Agency (IBRA), Syafruddin Arsyad Temenggung (SAT) as one of the suspects in Bank Indonesia liquidity support (BLBI) case. The detention period will be extended for 40 days, until February 18.

"Today we are going to extend detention period for the suspect SAT," said KPK spokesperson Febri Diansyah on Tuesday (January 9).

Syafrudin has been detained since December 21, 2017 with 20 days of detention period.

KPK named Syafrudin as a suspects in the case of alleged irregularities in the disbursement of BLBI since April 2017. He issued a letter for Bank Dagang National Indonesia (BDNI) owner, Sjamsul Nursalim to free the latter from the obligation to pay Rp 3,7 trillion in debt owed to the government, the fund which disbursed under BLBI scheme.

In the beginning, Syafrudin has given clearance letter (SKL) to Sjamsul, which was issued based on Presidential Instruction No. 8/2002 on the grant of legal certainty to debtors who have settled their obligation or legal action to debtors who did not settle their obligation pursuant based on inspection of Shareholder Settlement Obligation (PKPS). 

The presidential instruction was issued during former president Megawati Soekarnoputri period. There were also suggestions from some ministers at that time, among them Boediono as finance minister, Dorodjatun Kuntjaradjakti as coordinating minister for economic affairs, and Laksamana Sukardi as state-owned enterprises minister.

Based on the presidential instruction, BLBI debtor was considered to have settled the debt, even though it has only paid 30 percent of the total shareholder liabilities in cash and 70 percent is paid with a certificate of proof of rights to IBRA. 

Syafrudin has allegedly proposed SKL to be approved by the Financial Sector Policy Committee (KKSK) by making changes to litigation process of obligor obligations to restructure its asset transfer obligation by BDNI to IBRA amounting to Rp 4.8 trillion, which was part of BLBI.

So the result of restructuring is Rp1.1 trillion can be returned and billed to the farmers ponds. While Rp3.7 trillion is not discussed in the process of restructuring. This means that there is a BDNI obligation of Rp3.7 trillion that has not been billed and become a state losses.

BLBI was a scheme of assistance (loan) provided by Bank Indonesia to banks which experiencing liquidity problems during the 1998 monetary crisis in Indonesia. The scheme to solve this crisis was based on Indonesia's agreement with the IMF.

Bank Indonesia has disbursed more than Rp144.5 trillion to 48 troubled banks in order to overcome the crisis. However, the use of loans was not in accordance with the provisions, so that the state declared losers up toRp 138.4 trillion because the funds lent are not returned.

Related to the alleged deviation of these funds, a number of debtors are then processed by the Attorney General. However, the Attorney then issued a Termination of Investigation Order (SP3) to the debtor on the basis of SKL issued by IBRA.

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