The Indonesian leader ordered authorities to step up enforcement earlier this month in islands rich in the metal used in everything from electronics to making glass.
“The losses are quite significant, estimated at 40 trillion rupiah ($2.4 billion) per year, and this has been going on for almost 20 years.”
“Over 20 years, that’s 800 trillion ($48.2 billion). What could we build with that? What kind of country could we build with such resources?” he asked.
Six smelters were seized in that case and handed over to state-owned mining company PT Timah TBK.
Attorney General ST Burhanuddin said three palm oil companies had been prosecuted over “economic loss to the state” amounting to 17 trillion rupiah ($1 billion), most of which was being returned.
Prabowo described these as part of huge “state losses” being recovered. – AFP
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