Crazy Rich Surabaya Budi Said Becomes a Suspect in the Scheme of Buying and Selling 1.1 Tons of Antam Gold, Here’s How the Modus Operandi Works

Crazy Rich Surabaya Budi Said Jadi Tersangka Rekayasa Jual Beli Emas Antam 1,1 Ton, Begini Modusnya

"Crazy Rich Surabaya Budi Said Becomes a Suspect in the Scheme of Buying and Selling 1.1 Tons of Antam Gold, Here’s the Modus Operandi"

"Dream - Crazy Rich from Surabaya, Budi Said, has been designated as a suspect by the Attorney General's Office (Kejagung) in the alleged corruption case involving the manipulation of gold purchases from PT Aneka Tambang Tbk (Antam). Budi Said is the President Director of PT Tridjaya Kartika Group. His business operates in the property sector, including housing, apartments, and plazas. Budi's name previously gained attention after winning a lawsuit over 1.1 tons of gold worth Rp1.1 trillion purchased from Antam. The application for Judicial Review (PK) in that case was rejected by the Constitutional Court."

The translation of "Modus Pembelian Emas" to English is "Gold Purchase Mode".

"Today (Thursday, January 18, 2024) the status in question has been elevated to suspect," said the Director of Jampidsus at the Attorney General's Office, Kuntadi, quoted from Merdeka.com, Friday, January 19, 2023."

The translation of "Awal Mula Kasus" to English is "The Beginning of the Case".

This case began with Budi Said purchasing gold from EA, AP, EKA, and MD as employees of PT Antam between March and November 2018. Kuntadi stated that Budi had engaged in a conspiracy with the modus operandi of manipulating transactions by setting the selling price below the price established by PT Antam. His excuse was that Budi received a discount from PT Antam.

"At that time, PT Antam did not do that (discount). To cover up that transaction, this perpetrator used a transaction pattern outside the mechanisms established by PT Antam," he added. Kuntandi revealed that due to the malicious conspiracy carried out by Budi Said along with the employees of PT Antam who are still witnesses, the transaction conditions of PT Antam became uncontrollable. "As a result, PT Antam suffered a loss of 1.136 tons of precious metals, which could be equivalent to around Rp1.1 trillion," he said."

Crazy Rich Surabaya Budi Said Becomes a Suspect in the Scheme of Buying and Selling 1.1 Tons of Antam Gold, Here’s How the Modus Operandi Works

The translation of "Rekayasa Transaksi" to English is "Transaction Engineering".

"Although still as a witness, the Attorney General's Office admitted to having strong suspicions that employees of PT Antam have fabricated by creating a fake letter that seemingly confirms a payment from Budi Said to PT Antam. Based on the fake letter, PT Antam appeared to still have an obligation to deliver precious metals to the suspect. Even based on that letter, the suspect filed a civil lawsuit."

The Attorney General's Office Does Not Care About the Civil Victory of Budi Said.

"Some time ago, the Supreme Court ruled in favor of Budi Said, requiring PT Antam to pay 1.1 tons of gold or the equivalent of Rp1.1 trillion. The Attorney General's Office stated that it is not affected by the civil lawsuit won by Budi Said against PT Antam regarding the transaction of buying and selling precious metals or gold."

"To make it clearer, we are not affected by the civil actions taken between them. Sometimes those activities are used to cover up the actual deeds," said the Head of the Legal Information Center of the Attorney General's Office, Ketut Sumedana, during a press conference.

"Budi Said has been designated as a suspect for the alleged violation of Article 2 paragraph 1, and Article 3 in conjunction with Article 18 of the Anti-Corruption Law in conjunction with Article 55 paragraph 1 number 1 of the Criminal Code. Meanwhile, other individuals involved are in the decision-making process."

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