Indonesia State-Owned Energy Group Pertamina $17 Billion Fraud & Corruption: 9 People Sentenced to 9-Year to 15-Year Jail Term Causing $17 Billion Losses with Illegal Imports of Crude Oil & Illegal Leasing of Fuel Terminal from 2018 to 2023 and Sold Illegally Blended Low-Grade Fuel as Higher-Grade Fuel at Premium Prices, 1) Indonesia Business Tycoon Mohammad Riza Chalid Son Muhamad Kerry Adrianto Riza Sentenced to 15-Year Jail Term, Muhamad Kerry Adrianto Riza is Beneficial Owner of Fuel Terminal PT Orbital Terminal Merak (OTM) Leased by Pertamina, 2) ex-CEO of Pertamina International Shipping Yoki Firnandi Sentenced to 9-Year Jail Term, 3) ex-CEO of Pertamina Patra Niaga Riva Siahaan Sentenced to 9-Year Jail Term, 4) ex-Vice President Edward Corne Sentenced to 10-Year Jail Term, 5) ex-Marketing Director Maya Kusmaya Sentenced to 9-Year Jail Term, 6) Mohammad Riza Chalid is a Suspect & Fugitive (Listed on Wanted-List Interpol Red Notice Applicable in 196 Member Countries)
28th February 2026 | Hong Kong
Indonesia State-Owned Energy Group Pertamina $17 Billion Fraud & Corruption – 9 people sentenced to 9-year to 15-year jail term causing $17 billion losses with illegal imports of crude oil & illegal leasing of fuel terminal from 2018 to 2023 and sold illegally blended low-grade fuel as higher-grade fuel at premium prices. 1) Indonesia business tycoon Riza Chalid son Muhamad Kerry Adrianto Riza sentenced to 15-year jail term (Muhamad Kerry Adrianto Riza is beneficial owner of fuel terminal PT Orbital Terminal Merak (OTM) leased by Pertamina), 2) ex-CEO of Pertamina Patra Niaga Riva Siahaan sentenced to 9-year jail term, 3) ex-CEO of Pertamina Patra Niaga Riva Siahaan sentenced to 9-year jail term, 4) ex-Vice President Edward Corn sentenced to 10-year jail term, 5) ex-Marketing Director Maya Kusmaya sentenced to 9-year jail term, 6) Indonesia business tycoon Mohammad Riza Chalid is a suspect & fugitive (Listed on wanted-list Interpol Red Notice applicable in 196 member countries). In 2025 August, Indonesia business tycoon Mohammad Riza Chalid & his businesses were being investigated by Indonesia authorities on Indonesia state-owned energy group Pertamina $12 billion corruption. Mohammad Riza Chalid businesses executives have been detained or questioned, including Mohammad Riza Chalid’s son. Mohammad Riza Chalid had been summoned for investigation, but did not appear. In 2025 May, Indonesia authorities sent notices to Singapore-based trading companies & oil traders to assist in investigation on the $12 billion oil corruption in Indonesia state-owned energy group Pertamina subsidiaries. In 2025 February, Indonesia authorities was reported to have arrested executives from Indonesia state-owned energy group Pertamina subsidiaries in $12 billion oil corruption to import crude oil at higher prices from overseas instead of mandatory sourcing in Indonesia. In 2024 June, the ex-CEO of Indonesia state-owned energy group Pertamina Karen Agustiawan was sentenced to 9 years jail & fined $30,000 (500 million rupiah) for corruption for buying Liquefied Natural Gas (LNG) from United States Cheniere Energy (Corpus Christi Liquefaction Facility), with Karen Agustiawan (CEO of Pertamina from 2009 to 2014) having signed a long-term LNG purchase contract resulting in $113 million losses. The Corpus Christi Liquefaction facility had produced LNG only in 2018, with supply starting in 2019 but Indonesia market has oversupply of LNG & was resold in global market with losses. In 2020, an Indonesia Supreme Court overturned Karen Agustiawan 8-year jail sentence for her decision at Pertamina to invest in Australia Basker Manta Gummy Block resulting in estimated $40 million losses. Pertamina is the Indonesia national energy company, 100% owned by the Government of Indonesia with the Minister of State-Owned Enterprise (SOE) as the Shareholder Proxy.
“ Indonesia State-Owned Energy Group Pertamina $17 Billion Fraud & Corruption: 9 People Sentenced to 9-Year to 15-Year Jail Term Causing $17 Billion Losses with Illegal Imports of Crude Oil & Illegal Leasing of Fuel Terminal from 2018 to 2023 and Sold Illegally Blended Low-Grade Fuel as Higher-Grade Fuel at Premium Prices, 1) Indonesia Business Tycoon Mohammad Riza Chalid Son Muhamad Kerry Adrianto Riza Sentenced to 15-Year Jail Term, Muhamad Kerry Adrianto Riza is Beneficial Owner of Fuel Terminal PT Orbital Terminal Merak (OTM) Leased by Pertamina, 2) ex-CEO of Pertamina International Shipping Yoki Firnandi Sentenced to 9-Year Jail Term, 3) ex-CEO of Pertamina Patra Niaga Riva Siahaan Sentenced to 9-Year Jail Term, 4) ex-Vice President Edward Corne Sentenced to 10-Year Jail Term, 5) ex-Marketing Director Maya Kusmaya Sentenced to 9-Year Jail Term, 6) Mohammad Riza Chalid is a Suspect & Fugitive (Listed on Wanted-List Interpol Red Notice Applicable in 196 Member Countries) “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Indonesia Business Tycoon Mohammad Riza Chalid & Businesses Investigated by Indonesia Authorities on Indonesia State-Owned Energy Group Pertamina $12 Billion Irregularities, Mohammad Riza Chalid Businesses Executives Detained or Questioned Including Mohammad Riza Chalid’s Son, Mohammad Riza Chalid Summoned for Investigation But Did Not Appear
18th August – Indonesia business tycoon Mohammad Riza Chalid & his businesses are being investigated by Indonesia authorities on Indonesia state-owned energy group Pertamina $12 billion corruption. Mohammad Riza Chalid businesses executives have been detained or questioned, including Mohammad Riza Chalid’s son. Mohammad Riza Chalid had been summoned for investigation, but did not appear. In 2025 May, Indonesia authorities sent notices to Singapore-based trading companies & oil traders to assist in investigation on the $12 billion oil corruption in Indonesia state-owned energy group Pertamina subsidiaries. In 2025 February, Indonesia authorities was reported to have arrested executives from Indonesia state-owned energy group Pertamina subsidiaries in $12 billion oil corruption to import crude oil at higher prices from overseas instead of mandatory sourcing in Indonesia. In 2024 June, the ex-CEO of Indonesia state-owned energy group Pertamina Karen Agustiawan was sentenced to 9 years jail & fined $30,000 (500 million rupiah) for corruption for buying Liquefied Natural Gas (LNG) from United States Cheniere Energy (Corpus Christi Liquefaction Facility), with Karen Agustiawan (CEO of Pertamina from 2009 to 2014) having signed a long-term LNG purchase contract resulting in $113 million losses. The Corpus Christi Liquefaction facility had produced LNG only in 2018, with supply starting in 2019 but Indonesia market has oversupply of LNG & was resold in global market with losses. In 2020, an Indonesia Supreme Court overturned Karen Agustiawan 8-year jail sentence for her decision at Pertamina to invest in Australia Basker Manta Gummy Block resulting in estimated $40 million losses. Pertamina is the Indonesia national energy company, 100% owned by the Government of Indonesia with the Minister of State-Owned Enterprise (SOE) as the Shareholder Proxy.
Indonesia Sent Notices to Singapore-Based Trading Companies & Oil Traders to Assist in Investigation on $12 Billion Oil Corruption in Indonesia State-Owned Energy Group Pertamina Subsidiaries, Indonesia Arrested Executives from State-Owned Energy Group Pertamina Subsidiaries in $12 Billion Oil Corruption to Import Crude Oil at Higher Prices from Overseas Instead of Mandatory Sourcing in Indonesia, ex-CEO of Indonesia State-Owned Energy Group Pertamina Karen Agustiawan Sentenced to 9 Years Jail & Fined $30,000 in 2024 for Corruption for Buying Liquefied Natural Gas (LNG) from United States Cheniere Energy (Corpus Christi Liquefaction Facility)
20th May 2025 – Indonesia authorities have sent notices to Singapore-based trading companies & oil traders to assist in investigation on the $12 billion oil corruption in Indonesia state-owned energy group Pertamina subsidiaries. In 2025 February, Indonesia authorities was reported to have arrested executives from Indonesia state-owned energy group Pertamina subsidiaries in $12 billion oil corruption to import crude oil at higher prices from overseas instead of mandatory sourcing in Indonesia. In 2024 June, the ex-CEO of Indonesia state-owned energy group Pertamina Karen Agustiawan was sentenced to 9 years jail & fined $30,000 (500 million rupiah) for corruption for buying Liquefied Natural Gas (LNG) from United States Cheniere Energy (Corpus Christi Liquefaction Facility), with Karen Agustiawan (CEO of Pertamina from 2009 to 2014) having signed a long-term LNG purchase contract resulting in $113 million losses. The Corpus Christi Liquefaction facility had produced LNG only in 2018, with supply starting in 2019 but Indonesia market has oversupply of LNG & was resold in global market with losses. In 2020, an Indonesia Supreme Court overturned Karen Agustiawan 8-year jail sentence for her decision at Pertamina to invest in Australia Basker Manta Gummy Block resulting in estimated $40 million losses. Pertamina is the Indonesia national energy company, 100% owned by the Government of Indonesia with the Minister of State-Owned Enterprise (SOE) as the Shareholder Proxy.
Indonesia Arrests Executives from State-Owned Energy Group Pertamina Subsidiaries in $12 Billion Oil Corruption to Import Crude Oil at Higher Prices from Overseas Instead of Mandatory Sourcing in Indonesia, ex-CEO of Indonesia State-Owned Energy Group Pertamina Karen Agustiawan Sentenced to 9 Years Jail & Fined $30,000 in 2024 for Corruption for Buying Liquefied Natural Gas (LNG) from United States Cheniere Energy (Corpus Christi Liquefaction Facility)
26th February 2025 – Indonesia authorities have arrested executives from Indonesia state-owned energy group Pertamina subsidiaries in $12 billion oil corruption to import crude oil at higher prices from overseas instead of mandatory sourcing in Indonesia. In 2024 June, the ex-CEO of Indonesia state-owned energy group Pertamina Karen Agustiawan has been sentenced to 9 years jail & fined $30,000 (500 million rupiah) for corruption for buying Liquefied Natural Gas (LNG) from United States Cheniere Energy (Corpus Christi Liquefaction Facility), with Karen Agustiawan (CEO of Pertamina from 2009 to 2014) having signed a long-term LNG purchase contract resulting in $113 million losses. The Corpus Christi Liquefaction facility had produced LNG only in 2018, with supply starting in 2019 but Indonesia market has oversupply of LNG & was resold in global market with losses. In 2020, an Indonesia Supreme Court overturned Karen Agustiawan 8-year jail sentence for her decision at Pertamina to invest in Australia Basker Manta Gummy Block resulting in estimated $40 million losses. Pertamina is the Indonesia national energy company, 100% owned by the Government of Indonesia with the Minister of State-Owned Enterprise (SOE) as the Shareholder Proxy.
Ex-CEO of Indonesia State-Owned Energy Group Pertamina Karen Agustiawan Sentenced to 9 Years Jail & Fined $30,000 for Corruption for Buying Liquefied Natural Gas (LNG) from United States Cheniere Energy (Corpus Christi Liquefaction Facility), Karen Agustiawan as CEO of Pertamina from 2009 to 2014 Had Signed Long-Term LNG Purchase Contract Resulting in $113 Million Losses, Facility Produced LNG Only in 2018 with Supply Starting in 2019 But Indonesia Market Has Oversupply of LNG & Resold in Global Market with Losses
27th June 2024 – The ex-CEO of Indonesia state-owned energy group Pertamina Karen Agustiawan has been sentenced to 9 years jail & fined $30,000 (500 million rupiah) for corruption for buying Liquefied Natural Gas (LNG) from United States Cheniere Energy (Corpus Christi Liquefaction Facility), with Karen Agustiawan (CEO of Pertamina from 2009 to 2014) having signed a long-term LNG purchase contract resulting in $113 million losses. The Corpus Christi Liquefaction facility had produced LNG only in 2018, with supply starting in 2019 but Indonesia market has oversupply of LNG & was resold in global market with losses. In 2020, an Indonesia Supreme Court overturned Karen Agustiawan 8-year jail sentence for her decision at Pertamina to invest in Australia Basker Manta Gummy Block resulting in estimated $40 million losses. Pertamina is the Indonesia national energy company, 100% owned by the Government of Indonesia with the Minister of State-Owned Enterprise (SOE) as the Shareholder Proxy.
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
