https://jawawa.id/newsitem/exposed-ghost-company-used-as-money-laundering-hub-by-former-ma-official-zarof-ricar-1776851549

The money laundering scandal implicating former Supreme Court (MA) official Zarof Ricar has entered a new phase. Investigators from the Attorney General’s Office have discovered an unusual method of concealing assets through the use of a shadow company, also known as a ghost or phantom company.

This finding emerged after the investigative team raided a company suspected of serving merely as a “container” to hold the proceeds of crime. The company reportedly lacks any genuine business activities yet holds fantastically valuable assets.

Syarief Sulaeman Nahdi, Director of Investigation at the Deputy Attorney General for Special Crimes of the Attorney General’s Office, stated that the company was founded jointly by Zarof Ricar and another suspect, Agung Winarno.

“The Special Criminal Investigation Team of the Attorney General’s Office has successfully identified a Shadow Company or ghost/phantom company established by suspect AW in collaboration with suspect ZR as a repository for the proceeds of the money laundering crime by ZR and affiliated parties,” he said on Wednesday, 22 April 2026.

The raid left investigators astonished. Thousands of documents and various high-value assets were seized, including properties, palm oil plantations, luxury vehicles, and more.

“Approximately 1,046 documents, palm oil plantations, houses/buildings, companies and hotels, as well as money in foreign currencies and rupiah, deposits, luxury cars, and gold bars were seized during the raid and confiscation operations by the Attorney General’s Investigation Team,” he explained.

However, the exact value of the seized cash has not yet been disclosed to the public. Investigators strongly suspect that this shadow company is just one of several channels used to disguise assets from criminal activities.

The tracing of fund flows and asset ownership has been ongoing for several months. The gathered facts point to a systematic practice, including the use of paper companies to obscure the origins of wealth.

“The Attorney General’s Investigation Team has designated ZR as a suspect in the Money Laundering Crime (TPPU). Suspect AW has also been named as a suspect in TPPU,” he added.

With this discovery, the investigation is far from over. The Attorney General’s Office continues to pursue traces of other assets believed to be scattered and hidden through various methods, opening the possibility that the case could implicate new parties.