Tycoon fined in first graft penalty based on losses to economy


Surya Darmadi (right), the owner of Duta Palma group, was sentenced to 15 years in prison. - The Straits Times/ANN

A local court has sentenced palm oil tycoon Surya Darmadi to 15 years in prison and fined him a record 41.9 trillion rupiah (RM12.3bil) – the first time a penalty for corruption was determined based on losses to the economy, on top of losses to the state.

The owner of Duta Palma group has been convicted of corruption, money laundering and tax evasion.

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palm oil , tycoon , Surya Darmadi , prison

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