Export Fraud Allegations Rock Palm Oil Industry

On Thursday, May 21, 2026, Rosan Perkasa Roeslani, Chief Executive Officer of the Daya Anagata Nusantara Investment Management Agency (Danantara), arrived at the Presidential Palace in Jakarta. President Prabowo Subianto had convened a meeting with several ministers that afternoon to discuss the details of a new export policy involving state-owned enterprises. “I’m here to explain how it will work,” said Rosan, who also serves as Minister of Investment and Downstream Industries.

Finance Minister Purbaya Yudhi Sadewa attended the meeting alongside Rosan and presented data showing that a joint team from the Ministry of Finance, the Attorney General’s Office, and the Finance and Development Supervisory Agency had recently completed a random audit of 10 major crude palm oil (CPO) exporters. The audit uncovered indications of underinvoicing, particularly in exports to the United States.

According to Purbaya, some exporters deliberately declared Indonesian crude palm oil shipments at only one-third or one-fourth of their actual value recorded in the United States. “One company exported goods to the U.S. and reported an export value of US$2.6 million, while the importing country recorded the shipment at US$4.2 million,” he said. The discrepancy indicates that the declared export value was approximately 38 percent lower than the value reported by the importing country. “The export value reported here is significantly lower,” he added.

Prabowo strongly condemned such fraudulent practices in international trade. “This is why teachers’ salaries remain low, and why the compensation of law enforcement officers and civil servants is also inadequate. That is why the budget is never sufficient,” he said during a meeting with members of the House of Representatives in Jakarta on Wednesday, May 20, 2026.

Source : https://en.tempo.co/read/2106010/fraudulent-practices-drain-state-revenue