Jakarta. The Corruption Eradication Commission (KPK) on Wednesday detained Antonius Kosasih, the former CEO of state pension fund manager Taspen, over allegations of fraudulent investments that caused significant financial losses to the state.
Antonius is accused of directing Taspen into questionable investments between 2016 and March 2024, resulting in an estimated loss of Rp 200 billion ($12.3 million), according to KPK Investigation Director Asep Guntur.
During his tenure as Taspen’s investment director, Antonius recommended an investment of Rp 1 trillion ($61.6 million) in a mutual fund managed by Insight Investments Management (IIM). The CEO of IIM,…