Analysis of the PT Timah Tbk Case Based on Fundamental Fraud Theory (2018–2022)
Evidence from the Tin Commodity Trading Governance Scandal (2018–2022)
DOI:
https://doi.org/10.61722/jaem.v3i2.10454Keywords:
Fraud, PT. Timah Tbk., Financial LossAbstract
The research conducted by the author aims to examine one of the financial and operational fraud cases that caused an uproar over the massive manipulation and losses caused to the state in Indonesia, namely the governance of tin commodity trade in the Mining Business License (IUP) area of PT Timah Tbk from 2018 to 2022. The research uses qualitative methods with data obtained from trusted secondary sources, and the type of data generated is descriptive case study. This research resulted in a comprehensive statement that PT Timah Tbk is proven to have experienced operational and financial report degradation by fulfiling several fundamental aspects of fraud, namely the category of fraud, geographical analysis of the location and industry where the fraud occurred, profiles of the perpetrators and victims, the motivation of the perpetrators, the impact of the fraud committed, and the strategy for detecting fraud. The study results show that fraud committed in stateowned enterprises involves complex colusion with private smelters and harms many parties, especialy in ecological and state financial sectors. The authors hope that this research can motivate public companies to improve internal controls against high-level fraud risks.
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