Indonesia Arrests Pertamina Oil-Shipping Executives in $12B Corruption Case

Indonesia’s Attorney General’s Office revealed the details of an ongoing corruption case that they allege cost the state $11.85 billion (193.7 trillion rupiahs) and ran for at least five years between 2018 and 2023. Seven executives were arrested Monday night, February 24, including the CEO of the oil company Pertamina, CEO of the shipping company Pertamina International Shipping, the director of one of the retail operating units of the company, and executives from other companies including a terminal operator.

The Deputy Attorney Gen…