![Facts about the Scandal of 109 Tons of Fake Gold Uncovered, Here's Antam's Explanation.](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2024/5/31/1717138448188-azca3.jpeg)
![Facts about the Scandal of 109 Tons of Fake Gold Uncovered, Here's Antam's Explanation.](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2024/5/31/1717138448188-azca3.jpeg)
Dream - The Attorney General's Office (Kejagung) revealed a corruption case involving counterfeit gold of the Antam brand. As many as 109 tons of illegal gold bearing the logo of Logam Mulia (LM) Antam have been circulating since 2010. Kejagung has named six former General Managers of the Business Management and Refining Unit of Logam Mulia (UBPP LM) PT Antam as suspects. The six former GMs of UBPP LM PT Antam are TK who served from 2010-2011, HN who served from 2011-2013, DM who served from 2013-2017, AH who served from 2017-2019, and MAA who served from 2019-2021.
"The Director of Investigation at Jampidsus Kejagung, Kuntadi, stated that the suspects were appointed after the investigators had sufficient evidence. He said that the four suspects have been detained. 'Meanwhile, there is no detention for Suspect HM and Suspect AHA, as they are currently being detained in another case,' said Kuntadi, as quoted on Friday, May 31, 2024."
Kuntadi then explained the role of the suspects. He said that the suspects were involved in illegal activities related to manufacturing services that should have involved smelting, purification, and printing of precious metals with the Antam logo.
"The suspects are alleged to have attached private precious metals with the Logam Mulia (LM) Antam brand. He said that this caused Antam, which is a state-owned enterprise, to suffer losses. 'Even though these suspects know that attaching the LM Antam brand cannot be done arbitrarily, but must be preceded by a work contract and there are cost calculations that must be paid, because this brand is the exclusive right of PT Antam,' said Kuntadi."
"He said that the suspects had printed precious metals in various sizes totaling 109 tons. According to him, the gold was circulated by the suspects in the market simultaneously with the official precious metal products of PT Antam. Kuntadi mentioned that this action damaged the official market of Antam products. "As a result of the actions of these suspects, during that period, precious metals in various sizes totaling 109 tons were printed and then circulated in the market simultaneously with the official precious metal products of PT Antam," he said."
"As a result, these illegally branded precious metals have eroded the market for PT Antam's precious metals, causing its losses to multiply," he added."
However, Kuntadi has not yet explained in detail the amount of state losses in this case. He said that the suspects are charged under Article 2 Paragraph (1) and Article 3 in conjunction with Article 18 of the Indonesian Law Number 31 Year 1999 as amended and supplemented by Law Number 20 Year 2001 in conjunction with Indonesian Law Number 31 Year 1999 on Amendments to Indonesian Law Number 31 Year 1999 on the Eradication of Corruption Crimes in conjunction with Article 55 Paragraph (1) point 1 of the Indonesian Criminal Code.
Secretary of Antam Company, Syarif Faisal Alkadrie denies the news that mentions 109 tons of fake gold circulating in the community from 2010 to 2021. "Regarding the widespread news in the media stating the existence of 109 tons of fake Antam gold circulating in the community from 2010 to 2021, Antam states that the news is not true," Syarif explained in an official statement on Friday, May 31, 2024.
Syarif stated that the company guarantees the authenticity and purity of all precious metal gold products produced through the Precious Metal Processing and Refining Business Unit (UBPP) Logam Mulia.
Syarif said that all Antam's precious metal gold products are equipped with official certificates, and processed in the only gold processing and refining factory in Indonesia that has been certified by the London Bullion Market Association (LBMA). Therefore, it can be ensured that all Logam Mulia Antam gold products circulating in society are genuine and guaranteed in their purity level.
"As for the 109 tons of precious metal gold products that were confiscated by the Prosecutor's Office, it is considered to be related to the unofficial use of the LM Antam brand, while the products themselves are genuine products produced in the Antam factory," he said. The company, according to Syarif, also understands the concerns and anxieties of customers of precious metal gold products.
"At present, all communication channels of Antam's precious metal products are available to provide customers with the necessary information through whatsapp ALMIRA 0811-1002-002 and Call Center 0804-1-888-888," added Faisal. Syarif said that Antam ensures good business governance and continues to make improvements by complying with applicable regulations."
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