An Indonesian corruption court on Thursday found businessman Benny Tjokrosaputro guilty in a stock manipulation case involving state insurance firm Asabri and fined him 5.7 trillion rupiah ($371.67 million).
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.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why Thursday’s U.S. CPI report might kill stock market's hope of inflation melting awayA mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited inflation reading which could well...
Weiterlesen »
The Tiny Indonesian Village That Makes YouTube StarsA former retail worker, Subur Imam Hidayat began teaching his neighbors the art of content creation and YouTube monetization. His village has now become the unlikely heart of Indonesia’s growing YouTube community. Via WiredUK
Weiterlesen »
The stock market set-up heading into the crucial CPI report Thursday morningStocks are rallying on a bet that inflation (particularly wage inflation) is moderating and that job growth will slow down but not collapse.
Weiterlesen »
5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Weiterlesen »
Pro Picks: Watch all of Thursday's big stock calls on CNBCA recap of Thursday's best stock picks on CNBC.
Weiterlesen »
Weather Authority: Sunny Wednesday will turn to clouds ahead of another rainy ThursdaySoak in today's dry weather, because its about to get much soggier!
Weiterlesen »