The Attorney General's Office has revealed that it is investigating allegations of trade misinvoicing by a number of companies.
The Minister of Finance, Purbaya Yudhi Sadewa, previously reported the findings of alleged manipulation of the value of export-import documents to President Prabowo Subianto in a limited meeting.
"We are currently investigating the manipulation or transfer pricing case . This was probably about a month ago. The data from the Minister of Finance complements the data we have," said Syarief Sulaeman Nahdi, Director of Investigations at the Attorney General's Office for Special Crimes at the Attorney General's Office's Jampidsus Building.
He also said that several parties had been questioned as witnesses in the investigation of the case.
However, Syarief could not elaborate further on the investigation into this case. "We'll share it later. That's all for now," he said.
Previously, Finance Minister Purbaya Yudhi Sadewa revealed that his office had randomly inspected three shipments from 10 companies operating in the crude palm oil ( CPO) industry.
"They are clearly manipulating export prices to the United States," Purbaya said.
Although he could not name the 10 companies, Purbaya gave an example of trade invoice manipulation carried out by one company.
For example, a company records an export price of US$2.6 million, while the price paid by the importer in the United States is US$4.2 million.
"So, it's 57 percent lower. There's something even crazier: another company exported US$1.43 million here. Imports were US$4 million there. The price has changed by 200 percent. We want to detect each ship individually," Purbaya explained.
