October 29, 2025 | 01:53 pm
TEMPO.CO, Jakarta - Indonesia's Finance Minister Purbaya Yudhi Sadewa said the government has earmarked Rp13.2 trillion from the seized assets of the crude palm oil (CPO) corruption case for the Endowment Fund for Education Agency (LPDP). The funding is given upon the request of President Prabowo Subianto.
According to Purbaya, his ministry has allotted an even bigger budget for LPDP. "We have allocated the seized cash for LPDP. We even give them more than that, we're channeling Rp25 trillion to LPDP," said Purbaya to the media at Menara Bank Mega, Tuesday, October 28, 2025.
Prabowo's request to inject LPDP with seized money from the CPO corruption was conveyed during a cabinet meeting at the State Palace on Monday, October 20, 2025. The head of state said he would increase the budget for LPDP from the budget efficiency results and from the seizure of corruptors' assets.
"Perhaps the Rp13 trillion seized by the Attorney General's Office today will be handed over to the Minister of Finance. Possibly, the Minister of Finance will allocate a portion to the LPDP for the future," Prabowo told Minister of Finance Purbaya Yudhi Sadewa.
The Attorney General's Office handed over seized cash amounting to Rp13.2 trillion after the Supreme Court annulled the acquittal verdict issued by the Corruption Court of Jakarta to three corporations. Wilmar, Permata Hijau, and Musim Mas were accused of committing joint corruption in relation to the export submission to the Ministry of Trade.
Prosecutors demanded Wilmar pay compensation amounting to Rp11.8 trillion, consisting of Rp1.65 trillion in state financial losses as well as business sector and household losses of Rp8.52 trillion.
Meanwhile, Musim Mas Group was ordered to pay Rp 4.89 trillion in compensation. Permata Hijau Group was ordered to pay Rp937.55 billion in compensation.
Eka Yudha Saputra and Jihan Ristiyanti contributed to the writing of this article.
Editor’s Choice: Prabowo Proposes Redirecting Rp13.2tn CPO Corruption Funds to LPDP Scholarship
Click here to get the latest news updates from Tempo on Google News
Education Minister Holds Meeting to Discuss Adding Portuguese to Indonesian School Curriculum
3 jam lalu
Indonesia's Education Minister will discuss President Prabowo's directive to include Portuguese in the national curriculum.
Today's Top 3 News: BGN to Reward Creators Rp5 Million for Positive Coverage of Free Nutritious Meal Program
16 jam lalu
Here is the list of the top 3 news on Tempo English today.
Prabowo on Youth Pledge Day: Indonesia's Struggle Continues as Many Still Face Hardship
16 jam lalu
President Prabowo Subianto emphasized the hard work of farmers, fishermen, laborers, and the youth for their families. He urged the young generation not to be afraid to dream big.
Prabowo Prepares Regulation to Ensure Social Protection for Online Ojek Drivers
19 jam lalu
The government is drafting a presidential regulation to provide social security and accident coverage for online motorcycle taxi drivers.
Indonesia's Minister Keeps Silent on Layoff Numbers During Prabowo's First Year
21 jam lalu
Manpower Minister declined to comment on layoffs after releasing his ministry's one-year performance report under the Prabowo administration.
Brief History of Whoosh: Jokowi's High-Speed Train Project Now Under Corruption Probe
21 jam lalu
Indonesia's Corruption Eradication Commission (KPK) is investigating alleged corruption in the Jakarta-Bandung high-speed train project, Whoosh.
Young Politicians Around Prabowo
23 jam lalu
Prabowo Subianto once considered appointing Sjafrie Sjamsoeddin as Secretary-General of the Gerindra Party. Young politicians resisted.
Purbaya's Strategy to Reduce Deficit as Indonesian Gov't Debt Reaches Rp9,138 Trillion
1 hari lalu
Indonesia's Minister of Finance Purbaya also ensures that obstacles to the real sector growth can be significantly reduced.
Purbaya Cracks Down on Illegal Thrift Imports, Says 'I'll Arrest Those Who Refuse First'
1 hari lalu
Responding to resistance from thrift store operators against tighter import rules, Minister Purbaya said, "Those who refuse, I will arrest first. "
KPK Launches Probe into Alleged Corruption in Indonesia's High-Speed Train Project
1 hari lalu
Allegations of corruption in the high-speed train project surfaced after being revealed by former Coordinating Minister Mahfud MD.
