Indonesian Political, Business & Finance News

Maman presents personal defense in fraud trial

| Source: JP

Maman presents personal defense in fraud trial

JAKARTA (JP): Maman Suparman, a former deputy manager of
Bapindo's Jakarta branch, yesterday testified as to the sources
of his wealth and assets, denying that he took bribes from
defendant tycoon Eddy Tansil.

Maman was presenting his defense in a court which is trying
him for his role in the Rp 1.3 trillion (US$620 million)
corruption case at Bank Pembangunan Indonesia (Bapindo).

Maman said he obtained his fortune from his savings, including
official trip allowances, as well as from stock and foreign
exchange transactions.

According to Maman, his savings and business dealings netted
him a total of Rp 423 million ($197,000) between 1984 and 1993.

He said that he spent the money on a Rp 365 million ($169,000)
house in an exclusive residential area in Pulomas, East Jakarta,
in 1991 and an additional Rp 50 million to refurbish another
house.

Maman is charged with colluding with Eddy Tansil, the owner of
the Golden Key Group, in allowing the latter to defraud Bapindo
of US$448 million.

Government prosecutors said that Maman received Rp 201 million
(US$93,488) from Tansil in return for changing some of the terms
of loan contracts in violation of standard banking practices. The
prosecution claims Maman was directly responsible for $174
million that Bapindo paid out to Tansil.

Maman is being charged under the 1971 anti-corruption law
which carries a maximum penalty of life imprisonment.

His trial is now reaching its closing stages and yesterday the
court heard his final defense statement, with his lawyers
scheduled to present their closing defense today.

Maman also testified that he communicated every single
transaction in connection with Tansil's loans to the head office.

Meanwhile, the panel of judges in Central Jakarta District
Court yesterday rejected the private bank's former managing
director Laksamana Sukardi from testifying in support of Tansil.

The court decided to replace him with Syahrir, a noted
economist.

The trial was adjourned until next Thursday when the court
will hold a session at Tansil's huge petrochemical project in
Cilegon, West Java. (05)

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