The Corruption Eradication Commission (KPK) building in Jakarta. KPK reveals alleged Rp30.98 billion in disaster funds used to buy MDLA shares. (Source: Wikimedia Commons)
The Corruption Eradication Commission (KPK) has uncovered alleged misuse of National Disaster Mitigation Agency (BNPB) disaster standby funds (DSP) worth Rp30.98 billion used to purchase shares in PT Medela Potentia Tbk. The funds flowed to a company affiliated with Bima Setiawan, an expert staffer to the BNPB chief who is also the younger brother of former BNPB chief Suharyanto.
Key Facts
The KPK has revealed that the BNPB's disaster standby fund (DSP) was allegedly used to purchase shares of PT Medela Potentia Tbk (MDLA) worth Rp30.98 billion.
Funds flowed to a company affiliated with Bima Setiawan (BMS), an expert staff member to the Head of BNPB and the younger brother of former BNPB Head Suharyanto.
Acting KPK Director of Investigation Achmad Taufik Husein delivered the findings at a press conference at the KPK Red and White Building in Jakarta on Friday (16/10/2026).
PT Alfa Veritas Energizer (AVE) was recorded as controlling 150.4 million MDLA shares (1.07 percent) at Rp206 per share as of October 13, 2026.
The procurement value of BNPB partners allegedly affiliated with Bima reached approximately Rp148 billion during the 2024-2026 period.
The KPK is partnering with the Indonesian National Armed Forces (TNI) Military Police Center to investigate this case; a sting operation was carried out on October 13, 2026, with 14-15 people detained.
KPK's Disclosure
Flow of Rp148 Billion in Funds
150.4 Million Shares
Lima Named Suspects, TNI Military Police Brought In
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