Jusuf Hamka Performs Prostration of Gratitude After Winning Lawsuit Against Hary Tanoe

Entrepreneur and toll road magnate Jusuf Hamka has expressed his gratitude after the Central Jakarta District Court granted the lawsuit filed by PT Citra Marga Nusaphala Persada Tbk (CMNP). The court ruled that Hary Tanoesoedibjo and PT MNC Asia Holding Tbk engaged in unlawful acts against CMNP, owned by Jusuf Hamka. In Civil Case Number 142/Pdt.G/2025/PN Jkt.Pst., the panel of judges partially granted CMNP’s claim. Official spokesperson for the Central Jakarta District Court, Sunoto, stated that Hary Tanoe and MNC Asia Holding must pay material damages of US$28 million or Rp484 billion (at an exchange rate of Rp17,300), plus 6% annual interest from 9 May 2002 until fully paid. The court also imposed joint liability for immaterial damages of Rp50 billion and court costs of Rp5.02 million. “The panel of judges essentially opined that the transaction on 12 May 1999 was substantively an exchange of securities as meant by Article 1541 of the Indonesian Civil Code, not a sale-purchase,” Sunoto wrote in the official statement, quoted on Thursday (23/4/2026). The panel determined that Hary Tanoe and MNC, as the initiating, offering, and delivering party of the Negotiable Certificate of Deposit (NCD) to CMNP, should have known that the NCD did not comply with Bank Indonesia Circular Number 21/27/UPG dated 27 October 1988, as reinforced by the Supreme Court’s Review Decision Number 376 PK/Pdt/2008 dated 19 December 2008, which has final and binding legal force.