Former Indonesian investment promotion agency chief given 6 year jail term
Former Indonesian investment promotion agency chief given 6 year jail term for corruption
JAKARTA (AP): An Indonesian court on Friday convicted the former chairman of the country's investment promotion agency of corruption and sentenced him to six years in jail.
Theo Toemion, who headed the Investment Coordinating Board under President Megawati Soekarnoputri, was found guilty by the anti-graft court of misappropriating in 2003 and 2004 moneyearmarked for drawing foreign investors to Indonesia.
In its verdict, a panel of judges concluded that Toemion embezzled state money intended for the investment promotion program, causing a loss of about Rp 30.1 billion (US$3.2 million).
The panel also fined Toemion Rp 300 million and ordered him to repay Rp 23.1 billion to the state within one month, or serve an extra three years and three months in jail.
Toemion said he would appeal.
President Susilo Bambang Yudhoyono, who took office in October 2004 as Indonesia's first directly elected president has vowed to crack down on corruption, endemic in the country since the regimeof dictator Soeharto, making the country less attractive to foreign investors.
Since then, a slew of former ministers and regional and national officials have either gone on trial or been sentenced to prison for corruption, but vast areas of the state bureaucracy remain untouched. (***)
JAKARTA (AP): An Indonesian court on Friday convicted the former chairman of the country's investment promotion agency of corruption and sentenced him to six years in jail.
Theo Toemion, who headed the Investment Coordinating Board under President Megawati Soekarnoputri, was found guilty by the anti-graft court of misappropriating in 2003 and 2004 moneyearmarked for drawing foreign investors to Indonesia.
In its verdict, a panel of judges concluded that Toemion embezzled state money intended for the investment promotion program, causing a loss of about Rp 30.1 billion (US$3.2 million).
The panel also fined Toemion Rp 300 million and ordered him to repay Rp 23.1 billion to the state within one month, or serve an extra three years and three months in jail.
Toemion said he would appeal.
President Susilo Bambang Yudhoyono, who took office in October 2004 as Indonesia's first directly elected president has vowed to crack down on corruption, endemic in the country since the regimeof dictator Soeharto, making the country less attractive to foreign investors.
Since then, a slew of former ministers and regional and national officials have either gone on trial or been sentenced to prison for corruption, but vast areas of the state bureaucracy remain untouched. (***)