Deceiving Property Boss in Bali, Icelandic National and Contractor Demanded 3 Years 4 Months

Legowo Wisnu Saputro and Valur Blomsterberg are being prosecuted for three years and four months in prison in a case of fraud and embezzlement against the President Director of PT Badak Bali Properties, Dominick Veliko Shapko. The building contractor and the foreign national from Iceland are deemed proven guilty in the case that caused the victim losses in the billions of rupiah. “So that the panel of judges hearing the case decides that the defendant is legally and proven guilty of the criminal act of embezzlement,” said Public Prosecutor Ages Setya during the trial at the Gianyar District Court on Tuesday (5/5/2026). “Impose a prison sentence on the defendant of three years and four months,” he added. The same indictment was read to Valur, but in the fraud case. Ages explained that a number of legal facts during the trial showed that Legowo fulfilled the elements of a violation under Article 486 of the new Criminal Code. Meanwhile, Valur is deemed to have fulfilled the elements of a violation under Article 492 of the new Criminal Code. Legowo is said to have diverted Rp9 billion in funds belonging to the American businessman. The money was used to buy a personal car, provide cash back of 15 percent or around Rp400 million to Valur in cash, and the remainder was used as capital to build a villa in another company’s project. “The total loss suffered by Dominick is Rp5.6 billion,” said Prosecutor Ages. Ages assessed that Legowo’s actions were an aggravating factor in the prosecution. Meanwhile, for Valur, his evasive testimony during the trial was also considered an aggravating factor. “Valur was evasive. In addition, he has actually been reported many times (for suspected similar cases),” he said. Ages revealed that the case began in June 2023 when Valur learned of vacant land in Mas Village, Ubud, which is an asset of PT Badak Bali Properties. Dominick, as the director, was then offered to build a villa at the location. Valur claimed to have a quality building contractor acquaintance, namely Legowo. The offer was approved by Dominick. A villa construction agreement was thus agreed upon for a value of Rp13 billion. From that amount, Rp9 billion was given as a down payment with a target of 90 percent construction progress. “So, the Rp9 billion was for building the villa. That Rp9 billion should have resulted in the villa construction being 90 percent complete. It should only need ceiling installation and so on,” he said. Subsequently, Valur handled the agreement stages and paperwork to convince Dominick to immediately disburse the funds to Legowo. However, the construction realisation was far from the target. From the Rp9 billion disbursed, only a portion was used for the villa construction with progress of around 20 percent. The remaining funds were instead used by Legowo to build another villa in Tanjung Benoa worth Rp2.4 billion, which is a project of a different company. Some of the other funds were used to give commissions to Valur and to buy a personal car. “Valur claimed not to have received any funds from Legowo. But in fact, he received a fee (commission),” he revealed.