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straitstimes - 1 month ago

Indonesian tycoon Benny Tjokrosaputro sentenced to life in jail for stock manipulation

October 27, 2020 4:04 PM

JAKARTA (REUTERS) - An Indonesian graft court has sentenced businessman Benny Tjokrosaputro to life in prison for a stock manipulation scheme that helped trigger losses of more than US$1 billion (S$1.36 billion) at state insurer Asuransi Jiwasraya, state news agency Antara said.


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