Indonesian tycoon fined a record $3.71b, the first corruption penalty based on losses to economy
JAKARTA - An Indonesian court has sentenced palm oil tycoon Surya Darmadi to 15 years in jail and a record fine of 41.9 trillion rupiah – the first time a penalty for corruption was determined based on losses to the economy, on top of losses to the state.
State prosecutors had on several occasions attempted to have defendants punished with a fine as a result of losses to the economy, but judges had rejected doing that on the grounds that it was difficult to estimate such losses with minimal doubts. Surya was on the 2018 Forbes’ list for being Indonesia’s 28th richest person, with 20.7 trillion rupiah in net worth. He was not on the list in other years.
Indonesian legal system allows defendants to appeal against a ruling in the High Court, and then in the Supreme Court if they lose again, or are not satisfied with the ruling by the High Court.
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