Tjokrosaputro was spared a jail term because he is already serving a life sentence over a separate case in 2020 linked to hundreds of millions of dollars of investment losses at another insurer Asuransi Jiwasraya, Ignatius Eko Purwanto, who led a panel of judges, said.
Tjokrosaputro made international headlines in 2018 when he sued Goldman Sachs for $1 billion over the ownership of shares in an Indonesian company, a case he won at a lower court but lost at the Supreme Court a year later. Prosecutors accused Tjokrosaputro of controlling Asabri's investment decisions between 2012 and 2019, leading to 22.78 trillion rupiah of losses for the state.
He should reside in the west, we coddle frauds here.
Stock manipulation of this guy makes 370$ millions. Somehow other guys will lost this money for him. Saling houses, properties, losing saving monies... That is a criminal economics.
I wish one day same case will take the same punisment.