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Titan Wilaras Acquitted of Banking Fraud Charges by Denpasar District Court
Sat, 01/02/2021 - 10:53
Indonesia
Titan Wilaras, the troubled Indonesian businessman whose Platinum stables in The Netherlands went bankrupt, has been acquitted of all charges in the Balinese court house in the capital Denpasar.
Ida Bagus Swadarma Putra, the public prosecutor in Denpasar, Bali, demanded 12 years in jail. Wilras could face 7 or 15 years imprisonment and a fine of approx 13.5 million dollar.
Accused and Extradited
Wilaras is owner of the BPR Legian Credit Bank, of which he was CEO in 2017-2018. He also owns the Sky Garden Nightclub in Bali, which has been closed because of tax evasion, drugs, criminality, and prostitution in the club. ....

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