Attorney General Investigates Witnesses on BTN Semarang Graft Probe

By Editorial Team 28/08/2019
Summary

Attorney General started an investigation on alleged corruption probe involving credit and novation granting by Semarang branch office of state-owned bank PT Bank Tabungan Negara Tbk (BBTN). The supreme prosecutor was investigating several witnesses such as M. Fadly Habibie, BTN Semarang’s Asset Management Division staff.

Fadly was investigated related the loan disbursement to Tiara Fatuba. According to the Attorney General, the case began in April 2014 following a loan disbursed to Tiara Fatuba amounting to Rp 15.2 billion as this was against Bank BTN Director’s Circular Letter, which led to bad loans totaling Rp 11.9 billion. In December 2015, the BTN Head Office asset management division made a novation to Nugra Alam Prima valuing Rp 20 billion without additional collateral and caused bad loans of up to Rp 15.6 billion. In November 2016, BTN asset management division carried out a one-sided novation agreement from Nugra Alam Prima to Lintang Jaya Property valuing Rp 27 billion, which also didn’t comply with procedures.

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