An Indonesian court has sentenced two former heads of state insurer Asabri to 20 years in jail for graft after blaming them for causing 22.7 trillion rupiah ($1.58 billion) of losses to the state, the Antara news agency reported.

A panel of judges on Tuesday also ordered Adam Rachmat Damiri and Sonny Widjaja, who were chief executives at Asabri between 2012 and 2020, to repay the state a total of 82.47 billion rupiah and pay fines, the state news agency reported.

Prosecutors at the special corruption court in Jakarta had sought a 10-year jail term and fines, accusing the two of being involved in high risk investment decisions that turned sour.

This article was originally posted at reuters.com