Indonesia: Property tycoon jailed for life in one of Indonesia’s biggest anti-graft trials

An Indonesian graft court has sentenced businessman Benny Tjokrosaputro to life in prison for a stock manipulation scheme that helped trigger losses of more than US$1 billion at state insurer Asuransi Jiwasraya, state news agency Antara said.

Three of the insurer’s executives were among the five other defendants sentenced to life terms in one of Indonesia’s biggest anti-graft trials by a special corruption court in Jakarta, the capital.

Tjokrosaputro, who had made international headlines with a US$1 billion lawsuit he once filed against Goldman Sachs, was ordered to pay compensation of 6 trillion rupiah (US$410 million) at his sentencing on Monday, the agency added.

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