Indonesia Continues Investigation into Alleged Palm Oil Export Value Manipulation

Indonesia Continues Investigation into Alleged Palm Oil Export Value Manipulation
Indonesian prosecutors say they have found no evidence linking PT Salim Ivo Mas Pratama to the alleged palm oil export value manipulation case, while investigations involving other companies remain ongoing. Photo: Special

PALMOILMAGAZINE, JAKARTA – Indonesia’s Attorney General’s Office (AGO) said it has not found any evidence linking PT Salim Ivo Mas Pratama to an ongoing corruption investigation involving the alleged manipulation of palm oil export values.

Syarief Sulaiman Nahdi, Director of Investigations at the Office of the Deputy Attorney General for Special Crimes, stated that investigators have determined that the company primarily sells its products to the domestic market rather than engaging in export activities that are currently under investigation.

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“PT Salim Ivo Mas Pratama sells its products to meet domestic demand within Indonesia,” Syarief told reporters at the Attorney General’s Office in Jakarta on Tuesday.

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According to him, investigators have so far found no indication that the company was involved in the alleged manipulation of palm oil export values that forms the focus of the investigation.

However, the Attorney General’s Office emphasized that investigations involving other parties suspected of having links to the case are continuing. Authorities are examining possible irregularities in export reporting mechanisms and palm oil export transactions.

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Directors of PT Ivo Mas Tunggal Questioned

In the latest development, Syarief disclosed that investigators have questioned several directors of PT Ivo Mas Tunggal as part of efforts to examine transaction flows and documents related to palm oil exports.

The Attorney General’s Office is continuing to gather evidence and witness testimony to obtain a comprehensive understanding of the alleged export value manipulation.

“The investigation team has questioned several directors of PT Ivo Mas Tunggal,” he said.

The identities of the company executives who have been questioned have not been disclosed.

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Investigators Reviewing Export Documents

According to Syarief, investigators are examining multiple aspects of the alleged misconduct, including transaction records, export documentation, and export value reporting mechanisms that may not reflect actual market conditions.

He said the investigation aligns with broader government efforts to strengthen governance in Indonesia’s plantation and palm oil trade sectors while ensuring that practices detrimental to state finances are prevented.

Investigators continue to collect additional evidence to clarify the roles of individuals and entities potentially involved in the case.

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Legal Process to Proceed Gradually

The Attorney General’s Office emphasized that all legal actions will proceed in stages based on the evidence obtained during the investigation. Decisions regarding the legal status of specific individuals or entities will only be made once sufficient evidence has been established in accordance with Indonesian law.

Syarief added that prosecutors continue to uphold the presumption of innocence for all parties whose names have emerged during the investigation.

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As evidence gathering and witness examinations remain ongoing, the Attorney General’s Office said the investigation into the alleged manipulation of palm oil export values will continue in an effort to identify those responsible for any wrongdoing. (P2)


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