TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Asian Agri told to pay Rp 2.52t in fines

  • Tassia Sipahutar

    The Jakarta Post

PREMIUM
Jakarta   /   Sat, December 29 2012   /  10:22 am

The Supreme Court has ordered agribusiness giant Asian Agri Group to pay Rp 2.52 trillion (US$258.5 million) in fines and sentenced its former tax manager, Suwir Laut, to two years in prison in one of the most controversial tax evasion cases in the country.

The ruling was the Supreme Court’s first verdict in a tax evasion case.

“The fine must be paid within one year,” Supreme Court spokesman Ridwan Mansyur said during a press conference in Jakarta on Friday.

The fine is twice the amount of the tax obligation that Asian Agri Group had evaded, Rp 1.26 trillion.

Earlier on Thursday, Supreme Court judge Djoko Sarwoko confirmed the ruling, saying he read out the verdict at a court session on Dec. 18.

Djoko was the presiding judge on a panel consisting of fellow judges Sri Muharyuni and Komariah E. Sapardjaja, Antara news agency reported.

Djoko...