Against graft: Corruption Eradication Commission (KPK) spokesperson Febri Diansyah announces the commission's decision to name former Kebumen regent Mohammad Yahya Fuad a graft suspect in a press conference in Jakarta on Jan. 23. (Antara/Aprillio Akbar)
In a first, the Corruption Eradication Commission (KPK) has charged a company with money laundering.
The company, PT PR, is owned by former Kebumen regent Mohamad Yahya Fuad, who was named a graft suspect in a case pertaining to alleged corruption surrounding the budget allocation for the regency’s education agency and youth and sports agency.
“This is the first money-laundering investigation carried out by the KPK with a corporation as the perpetrator,” KPK deputy chairman Laode Muhammad Syarif said on Friday as quoted by Antara.
The company allegedly used the names of five different companies to take part in procurement projects held by the Kebumen administration between 2016 and 2017. The total value of the projects was Rp 51 billion (US$3.6 million).
Mohamad allegedly used the money, received by PR from his own administration’s projects, for his personal expenses. (ahw)
Source: The Jakarta Post