Indonesia Corruption Watch

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Trillions of State Assets are Lost Every Year

The Indonesian Corruption Watch (ICW)estimates that the country loses Rp 38,4 trillion every year from the extractive sector, which covers mining, oil and gas. “There are indications that revenues are under-reported every year,” said ICW Data Center Division chief, Firdaus Ilyas, yesterday.

House, KPK, BPK to join forces on oil graft probe

Three of the country’s most powerful bodies have pledged to work together to investigate the alleged misappropriation of billions of dollars in state revenue from the oil and gas sector.

BP Migas has 6 months to change

The Corruption Eradication Commission (KPK) has given the Upstream Oil and Gas Regulator (BP Migas) six months to mend its poor inventory system that has given rise to allegations of embezzlement.

ICW unveils unrecorded taxes of Rp 21.3t from subsidized fuel sales

Indonesia Corruption Watch (ICW) on Thursday unveiled findings of alleged state losses of Rp 21.32 trillion (US$1.7 billion) from unrecorded tax revenue from sales of subsidized fuels by state oil and gas company Pertamina.

Mining sector costs RI Rp 38.4t per year: ICW

The country loses Rp 38,4 trillion every year from the mining sector, particularly in gas and oil sectors, according to Indonesia Corruption Watch (ICW).