T

he National Police raided the office of PT Trans Pacific Pertrochemical Indotama (TPPI) in Central Jakarta and the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) in South Jakarta on Tuesday.

National Police director of special economic crimes Brig. Gen. Victor E. Simanjuntak said PT Trans Pacific was alleged to have been involved in a corruption case that led to billions of rupiah in state losses.

'€œWe suspect that the case, which involved money laundering, caused state losses of US$156 million,'€ he told reporters at the National Police headquarters in South Jakarta.

Victor said several officials from Trans Pacific and SKKMigas were suspected of money laundering. From 2009 to 2010, the TPPI collaborated with SKKMigas to market condensers in the country, but the former never paid the profits from sales of the equipment to the latter.

Despite alleged foul play, SKKMigas continued to extend its contracts with the firm.

He said that investigators searched the TPPI office for contract documents between the TPPI and SKKMigas and reports on where the money from the condensers may have gone.

However, Victor declined to disclose the names of suspects in the case.

'€œWe already have the names of the suspects but we will reveal them later,'€ he said, adding that the case was one of three large corruption cases being investigated by the National Police.