AGO Finds Rp857 Million Cash During Raids on Oil Tycoon Riza Chalid's Houses

4 hours ago 11

February 26, 2025 | 05:19 pm

TEMPO.CO, Jakarta - The Attorney General's Office disclosed evidence discovered during a search of oil and gas businessman Muhammad Riza Chalid's residences on Tuesday, February 25, 2025.  

The search was conducted in connection with the alleged corruption case in the oil trading sector involving Riza Chalid's son, Muhammad Kerry Andrianto Riza.  

According to Harli Siregar, Head of the Legal Information Center at the Attorney General's Office, one of Riza's residences on Jenggala II Street, Kebayoran Baru, South Jakarta, was searched. He noted that the house also served as an office.

"[We found] Rp833 million and 1,500 US dollars in cash," said Harli to the media at the AGO office in South Jakarta on Wednesday, February 26, 2025.

The foreign currency amounts to Rp24,577,500 based on the assumed exchange rate of Rp16,390 per US dollar. When combined, the cash found by the investigators amounted to Rp857,577,500 or Rp857.57 million.

In addition, the investigators found 34 folders containing documents. Inside, said Harli, there are various files related to corporations involved in crude oil import activities, including shipping.

"Then there are 89 bundles of documents and also two central processing units (CPUs)," said Harli.

The investigators also searched Riza Chalid's residence at the 20th floor of Plaza Asia, Jenderal Sudirman Street, South Jakarta on Tuesday, February 25, 2025. As a result, four boxes containing letters or documents related to this case were found.

Riza Chalid's son, Muhammad Kerry Andrianto Riza, was named as a suspect in the corruption case involving the management of crude oil and refinery products at PT Pertamina, Subholding, and Contractors with Contractual Cooperation (KKKS) for the 2018-2023 period.

Kerry is alleged to be one of the brokers in this case, manipulating Subholding PT Pertamina so that the state incurred a loss of Rp193.7 trillion. Three directors of Sub Holding PT Pertamina were charged. AGO's director of Investigation stated that Kerry profited from the markup of shipping contracts carried out by Director of PT Pertamina International Shipping Yoki Firnandi.

Yoki conducted imports through markups that caused the state to pay 13 to 15 percent more than the original price. As a broker, Kerry reaped profits from this.

Riza Chalid also once drew public attention due to a case involving the import of Zatapi oil in 2008. The case was reported in Majalah Tempo's edition dated November 30, 2015.

The report mentioned that Pertamina Energy Trading Limited (Petral) purchased a mixed oil named Zatapi through Global Resources Energy and Gold Manor, two companies affiliated with Riza Chalid.

Jihan Ristiyanti contributed to the writing of this article.

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