Andrew Hidayat, Crypto Exchange Shareholder, Stumbles in Jiwasraya Asset Auction Case

KASUS KORUPSI - JAKARTA. The offices of MMS Group Indonesia, located on the 43rd floor of TCC Batavia Tower One in the Tanah Abang district of Central Jakarta, were noticeably quiet on Wednesday morning (29/5/2024). Occasionally, one or two individuals could be seen entering the building. Unfortunately, attempts by KONTAN to meet with the company's owner, Andrew Hidayat, were unsuccessful.

Alika, the receptionist on duty at MMS Group Indonesia, informed KONTAN that Andrew was out of town and it was unclear when he would return. "Mr. Andrew is not in Jakarta," Alika said during an interview at the MMS Group office.

After receiving an explanation about KONTAN's purpose for visiting, Alika requested time to discuss with Andrew's assistant. However, after several busy phone calls, Alika was unable to provide a definite date for scheduling an interview with KONTAN.

She explained that they could not confirm when Andrew would return to Jakarta. Interviews with other MMS Group management members were also not possible. Consequently, Alika asked KONTAN to leave a business card.

"Everyone is out of the office right now. If you want, we can take your business card and we will contact you later," Alika said, without providing a clear timeline.

KONTAN's desire to meet and interview Andrew was not without reason. There were several issues KONTAN wanted to confirm, including allegations of Andrew's involvement in the auction of seized corruption assets - a package of shares in PT Gunung Bara Utama (GBU) - held by the Attorney General's Asset Recovery Center on June 18, 2023.

Recently, Andrew's name has been implicated in the auction, which is suspected to have been rigged and caused state losses of up to Rp 9 trillion. The prevailing suspicion is that Andrew is the beneficial owner behind PT Indobara Utama Mandiri (IUM), the company that won the auction for the asset package of shares in a company that owns a coal mine in West Kutai, East Kalimantan.

Indeed, Andrew's name is not listed in the management or shareholder structure data of the company, which was only established on June 8, 2023. According to data from the Directorate General of General Legal Administration (AHU), Ministry of Law and Human Rights, the IUM management consists of Henry Nurjanto as CEO of IUM, Budi Mardiono, Oki Triwahyudi as Director of IUM, and Sandra Pohar as Commissioner of IUM.

Meanwhile, the shareholders of IUM consist of PT Prima Mining Sukses, which holds 99.999 shares of IUM or equivalent to 99.99% of the total shares of IUM, and Henry Nurjanto, who owns 1 share or equivalent to 0.001% of IUM shares.

Similarly, with PT Prima Mining Sukses, Andrew Hidayat's name is not found there. The AHU Directorate of the Ministry of Law and Human Rights shows that the shareholders of PT Prima Mining Sukses consist of the Director of PT Prima Mining Sukses, Abdul Hariz Fanny Irhan (59.5%), Commissioner of PT Prima Mining Sukses, Andy Antofat (26.5%), Budi Mardiono (14%).

However, there is a strong suspicion that the names listed in the IUM structure are nominees or placeholder names appointed by Andrew.

Meanwhile, IUM's victory in the auction for GBU, an asset seized from the corruption case of PT Asuransi Jiwasraya, is suspected to be fraught with irregularities. This is because the value of the GBU share package was only offered at around Rp 1.9 trillion in the auction.

However, the assets of GBU seized by the Attorney General's Office in the Jiwasraya corruption case were valued at Rp 10 trillion in 2023. In other words, there is a difference of about Rp 9 trillion between the asset value and the auction price, which could potentially result in state losses.

In addition, the fact that IUM was only established on June 8, 2023, 10 days before the GBU auction, also raises suspicions. Practically, IUM does not yet have financial statements audited by a public accountant, nor has it proven to have a reputation for managing mining assets.

Moreover, IUM was also rumored to have paid for the auction transaction with a loan allegedly obtained from Bank Negara Indonesia (BNI). Allegedly, IUM received a quota of Rp 2.4 trillion from the state-owned bank. However, this news was later denied by BNI Director, David Pirzada, when contacted by KONTAN (2/6/2024).

"That news is not true, BNI has never given credit to PT IUM until now," David firmly told KONTAN (2/6/2024).

Similarly, BNI Company Secretary, Okki Rushartomo, stated that PT Indobara Utama Mandiri is not a debtor of BNI. "Therefore, we have never provided credit or financing to PT Indobara Utama Mandiri in any form or for any purpose," Okki said when contacted by KONTAN (2/6/2024).

That's why the Civil Coalition Save the Mines (KSST), as reported by Kompas.com (29/5/2024), reported the Deputy Attorney General for Special Crimes (Jampidsus), Febrie Adriansyah, along with several private parties such as Andrew Hidayat, Budi Simin Santoso, Yoga Susilo who are suspected to be the beneficial owners of PT Indobara Utama Mandiri (PT IUM), to the Corruption Eradication Commission (KPK) on May 27.

Andrew's Profile

Andrew is the founder of PT MMS Group Indonesia (MMSGI). MMS Group is a conglomerate group that has a range of businesses in various sectors. There is a coal production and trading business with main operations in Kutai Kartanegara, East Kalimantan, and Banjar, South Kalimantan through MMS Resources.

One of MMS Group's portfolios is PT. Multi Harapan Utama, a PKP2B license holder company in East Kalimantan under MMS Resources.

Then there is also MMS Land which focuses on the management and development of residential and commercial properties such as housing complexes (minicity), hotels and office buildings. Its portfolio includes several properties, among others the Pullman Hotel in Legian, Bali, Bukit Andara Jonggon Housing and Kota Harapan Sukses (KHS) in Tanjung Laong in the Kutai Kartanegara region of East Kalimantan, as well as 2 office building portfolios in Jakarta, namely the Data Center in Kuningan-Jakarta and the Commodity Square Building on Gatot Subroto Street, the building where PT Bursa Komoditi Nusantara is suspected to be connected with Garibaldi (Boy) Thohir.

There is also the MMS Solution business in the sustainability sector that is currently handling several projects, including solar power plants, high-tech corn plantations integrated with cattle ranches, and nickel smelters.

Oh yes, is also suspected of having a relationship with Boy Thohir. Both of them inaugurated the Commodity Square building located at Jl. Jend. Gatot Subroto Kav. 35-35, South Jakarta.

MMS Group and Andrew, based on AHU data researched by KONTAN, are also listed in the list of shareholders of PT Bursa Komoditi Nusantara. It is recorded that the shares of PT Bursa Komoditi Nusantara are held by PT Bina Energi Jiwa as many as 7,500 shares (1.50%), PT Cita Secita Pratama 89,850 shares (17.97%), PT Energi Primadaya Utama 12,500 shares (2.50%), PT Megah Perkasa Investindo 137,500 shares (27.40%), PT Mitra Kripto Sukses 75,000 shares (15%), PT Mitra Prima Megah 47,500 shares (9.40%), PT Sukses Mulia Mandiri 75,000 shares (15%), PT Mitra Lawang Agrotama 55,000 shares (11%), PT Teknologi Anak Nusantara 50 shares (0.01%), PT Sinar Putra Metalindo 50 shares (0.01%), PT Bahtera Permata Sarana 50 shares (0.01%).

PT Mitra Prima Megah and PT Sukses Mulia Mandiri are directly owned by Andrew Hidayat. In addition, some shares from some of the shareholders of PT Bursa Komoditi Nusantara are owned by MMS Group or its business entities. For example, PT Energi Primadaya Utama is owned by PT MMS Group Indonesia, PT Megah Perkasa Investindo is owned by PT MMS Group Indonesia through PT Mulia Mandiri Sukses, PT Megah Perkasa Investindo is owned by PT MMS Group Indonesia through PT Mulia Mandiri Sukses, PT Mitra Kripto Sukses is owned by PT MMS Group Indonesia through PT Mitrakarya Cipta Gemilang, and PT Mitra Prima Megah through PT Mitra Kharisma Cemerlang.

KONTAN has tried to contact the Head of Corporate Communication of PT Adaro Energy Indonesia Tbk (a company group owned by Boy Thohir), Febriati Nadira to ask for confirmation about the existence of a business relationship between Boy Thohir and Andrew Hidayat in PT Bursa Komoditi Nusantara via Whatsapp message.

However, the woman, affectionately known as "Ira", has not yet responded. A little information, she is known to be on vacation when contacted by KONTAN. KONTAN has also tried to contact Boy Thohir by phone to ask for confirmation about this matter, but the effort was unsuccessful.