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Indonesian crypto firm Pintu CEO named witness in corruption case

The Indonesian Corruption Eradication Commission (KPK) confirmed that Andrew Pascalis Adjiputro, CEO of crypto platform PT Pintu Kemana Saja, did not attend the summons on June 25, 2025.

The inquiry relates to alleged corruption in the business cooperation process and acquisition of PT Jembatan Nusantara by state-owned PT ASDP Indonesia Ferry (Persero) between 2019 and 2022.

KPK spokesperson Budi Prasetyo said that Andrew was represented by his legal team.

“He did not attend. His legal team came instead,” Budi said via text message.

The KPK has not clarified whether the legal team’s presence meets the requirements of the summons. Details of the discussions between investigators and the legal team have not been disclosed.

Andrew was listed in the KPK’s examination schedule as a witness in the case, which has already identified several suspects.

Meanwhile, Pintu said in a statement dated June 25, 2025, that it had submitted the requested information to the KPK.

“We immediately conducted an internal review and confirmed that there is currently no match between the names listed in KPK’s letter and any current PINTU users or employees,” the company said in the same statement.

🔗 Source: Bloomberg Technoz


🧠 Food for thought

1️⃣ Indonesia’s state-owned enterprises remain corruption hotspots despite reform efforts

The corruption investigation into PT ASDP Indonesia Ferry represents a continuing pattern of state enterprise corruption that has persisted despite Indonesia’s anti-graft efforts.

This case follows a long line of high-profile corruption scandals in Indonesia’s public sector, including the e-KTP procurement scandal that cost the state approximately $170 million and implicated 37 senior politicians1.

Indonesia’s Corruption Eradication Commission (KPK), established in 2002, continues to face challenges in addressing endemic corruption, particularly in state-owned companies where oversight mechanisms remain vulnerable.

Despite some progress following decentralization reforms in 2001, when average bribe ratios paid by firms declined according to a study of 1,862 companies across 30 districts, corruption in key sectors has remained resilient2.

The involvement of multiple executives from PT ASDP in this case suggests systematic corruption issues rather than isolated incidents, highlighting the difficulties in reforming governance in state-owned enterprises despite strengthened regulations.

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