Commodities
Indonesia’s ‘Gasoline Godfather’ a Suspect in Second Graft Case
A Pertamina fuel storage facility at Tanjung Priok port in Jakarta.
Photographer: Dimas Ardian/BloombergIndonesia has named reclusive commodities merchant Mohammad Riza Chalid as a suspect in a second corruption case tied to crude oil and fuel procurement, putting renewed scrutiny on legacy practices in one of Southeast Asia’s largest energy markets.
Riza was designated a suspect along with six others in a probe into dealings at Pertamina Energy Trading Ltd., also known as Petral, during a period from 2008–2015, a spokesman from the Attorney General’s Office said Friday. Investigators are examining alleged tender manipulation, information leaks and non-competitive pricing practices, according to a statement.