Two ex-Bapindo bosses face 11, 9 years in jail<\/p>\n
JAKARTA (JP): State prosecutors at the Central Jakarta
\ndistrict court sought a total of 20 years imprisonment for two
\nformer executives of Bank Pembangunan Indonesia (Bapindo) for
\ntheir role in a huge loan scam.<\/p>\n
They demanded that Sjahrizal and Bambang Kuntjoro, former
\nBapindo directors, be sentenced to eleven and nine years
\nimprisonment respectively.<\/p>\n
"We demand that the presiding judge sentence Sjahrizal to 11
\nyears' imprisonment for collaborating with other directors and
\nallowing irregularities to occur at Bapindo," Chief Prosecutor
\nRidwan Moekiat said.<\/p>\n
"We also appeal to the judges to order Sjahrizal to pay a fine
\nof Rp 30 million ($13,686.13), or sentence him to an additional
\nsix months in prison in default," he added.<\/p>\n
Moekiat said Sjahrizal also helped enrich a "third party", an
\nobvious reference to Eddy Tansil, the owner of the Golden Key
\nGroup to whom the huge Bapindo loans were extended.<\/p>\n
The prosecutors said Sjahrizal, in his dealing with Tansil,
\nviolated a number of banking principles and standard procedures,
\nallowing Tansil to cash in on huge loans.<\/p>\n
Sjahrizal, according to the prosecution, failed to exercise
\nthe caution required of a bank director in approving the huge
\nloans without requiring Tansil to sign a loan contract.<\/p>\n
Tansil was sentenced to 17 years' imprisonment by the Central
\nJakarta District Court last August in connection with the huge
\nloan scam. He had cashed in on his Bapindo loans without ever
\nsigning a single contract for them.<\/p>\n
Tansil was also ordered to pay Rp 500 million in restitution
\nand a fine of Rp 30 million.<\/p>\n
Meanwhile chief prosecutor S.T. Silangit told the Court in a
\nseparate trial that Bambang Kuntjoro, through collaboration with
\nother Bapindo directors, was responsible for the huge losses
\ninflicted on the state bank.<\/p>\n
"We ask the presiding judge to sentence Bambang Kuntjoro to
\nnine years in prison," Silangit said.<\/p>\n
He also asked the judges to order Bambang to pay Rp 30 million
\nin fines or to sentence him to an additional six months in prison
\nin default.<\/p>\n
Silangit said in his indictment that Bambang neglected banking
\nprinciples of orderliness, allowing Maman Suparman, former deputy
\nmanager of Bapindo Jakarta, to convert the letter of credits
\n(L\/C) from Usance into Red Clause without the directors'
\napproval.<\/p>\n
Maman has already been sentenced to nine years in prison by
\nthe South Jakarta District Court for his role in helping Tansil
\nin the scandal.<\/p>\n
Silangit said that Bambang also neglected the principle of
\ncarefulness in approving the request of Eddy Tansil to open the
\nUsance L\/C facilities, which were used to finance Tansil's
\nambitious petrochemical projects. He approved the facility
\nwithout any prior sales contract, credit agreement, or clear
\ndeposit, Silangit said.<\/p>\n
The last<\/p>\n
Sjahrizal and Bambang will be the last in a band of former
\nBapindo's directors queuing for the judges' decision.<\/p>\n
Subekti Ismaun, a former Bapindo's president, is currently
\nwaiting for the South Jakarta District Court's decision, which
\nhas tried him also on corruption charges. The decision is
\nexpected to be declared in two weeks time.<\/p>\n
Towil Heryoto, another former Bapindo's president, was the
\nfirst to be convicted among four former Bapindo directors who are
\nbeing tried in connection with the Rp 1.3 trillion ($620 million)
\nloan scandal at the state's bank. He was sentenced to eight
\nyears' imprisonment by the South Jakarta District Court last
\nweek. He was also ordered to pay Rp 30 million in fines or spend
\nanother six months in prison.<\/p>\n
Adi Sugondho, the fifth former Bapindo's director, has not
\nbeen charged apparently because he was not as extensively
\ninvolved as the other four.(imn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/two-ex-bapindo-bosses-face-11-9-years-in-jail-1447893297",
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