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JAKARTA A government audit on Indonesia’s palm oil industry found that 9 million hectares (22.2 million acres) of concession holders an area three times the size of Belgium don’t pay taxes. According to Luhut Pandjaitan, the chief minister in charge of investments, including the palm oil industry, the government arrived at that […] ....
A local court has sentenced palm oil tycoon Surya Darmadi to 15 years in prison and fined him a record 41.9 trillion rupiah (RM12.3bil) – the first time a penalty for corruption was determined based on losses to the economy, on top of losses to the state. ....
JAKARTA (The Straits Times/Asia News Network): An Indonesian court has sentenced palm oil tycoon Surya Darmadi to 15 years in prison and fined him a record 41.9 trillion rupiah (US$2.75 billion) – the first time a penalty for corruption was determined based on losses to the economy, on top of losses to the state. ....
The court also ordered him to pay around IDR 42 trillion (US$2.75 billion) in fines and restitution for the profit he reaped from the illegal palm oil plantations. ....
JAKARTA A court in Indonesia has sentenced palm oil billionaire Surya Darmadi to 15 years in prison for his role in the biggest corruption case in the country’s history. The Jakarta Anti-Corruption Court ruled on Feb. 23 that Surya had conspired with the elected head of Indragiri Hulu district in Sumatra, Raja Thamsir Rachman, […] ....