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JAKARTA Experts have slammed a court ruling that significantly slashes the fines imposed on Indonesian palm oil billionaire Surya Darmadi, even as it increased his jail sentence, in the biggest corruption case in the country’s history. The Supreme Court, Indonesia’s highest court of appeals, ruled in a Sept. 14 decision to uphold Surya’s earlier conviction […]
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.