Benny Tjokrosaputro was found guilty of manipulating investment decisions at state insurance firm Asabri. Photo: Reuters
Benny Tjokrosaputro was found guilty of manipulating investment decisions at state insurance firm Asabri. Photo: Reuters
Indonesia

Indonesian man fined US$370 million for losing millions of dollars of state money in insurance scandal

  • Judges ruled Benny Tjokrosaputro was guilty of arranging for state insurance company to buy overpriced stocks, which later lost their value
  • He is already serving a life sentence over a separate case linked to hundreds of millions of dollars of losses at another insurance firm

Benny Tjokrosaputro was found guilty of manipulating investment decisions at state insurance firm Asabri. Photo: Reuters
Benny Tjokrosaputro was found guilty of manipulating investment decisions at state insurance firm Asabri. Photo: Reuters
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