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Indonesian businessman fined over $370 million for stock manipulation

Indonesian businessman fined over $495m for stock manipulation

JAKARTA An Indonesian corruption court on Thursday (Jan 12) found businessman Benny Tjokrosaputro guilty in a stock manipulation case involving state insurance firm Asabri and fined him 5.7 trillion rupiah (S$495 million). Tjokrosaputro was spared a jail term because he is already serving a life sentence over a separate case in 2020 linked to hundreds of millions of dollars.

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