financetom
Business
financetom
/
Business
/
Indonesia court jails ex-Garuda chief over new graft case
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Indonesia court jails ex-Garuda chief over new graft case
Jul 31, 2024 6:52 PM

JAKARTA, July 31 (Reuters) - An Indonesian court

sentenced a former chief of state carrier Garuda Indonesia to

five years in prison on Wednesday for corruption linked to

procuring jets from planemaker Bombardier and

turboprop maker ATR, his lawyer said.

Prosecutors had said Emirsyah Satar, who ran Garuda from

2005 to 2014, had procured Bombardier's CRJ and ATR 72 jets

without proper procedures and board approval in 2011, a court

document showed. A "lack of transparency" led to the planes'

poor performance, costing the state about $610 million.

Judge Rianto Adam Pontoh from the Jakarta corruption court

sentenced Emirsyah to jail on corruption charges and ordered him

to pay a 500 million rupiah ($30,759.77) fine, state news agency

Antara reported.

In 2020, Emirsyah was also sentenced to eight years in

prison for bribery and money laundering in buying planes and

engines from Airbus and Rolls-Royce.

Monang Sagala, Emirsyah's lawyer, confirmed the ruling to

Reuters and said the legal counsel has not made a decision on

whether to appeal or not.

Garuda and ATR declined to comment, while

Bombardier said "in accordance with best practices when such

allegations come to our attention, we launched an internal

review conducted by an external counsel."

($1 = 16,255.0000 rupiah)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Chinese Electric-Vehicle Makers Log Double-Digit Delivery Gains for June
Chinese Electric-Vehicle Makers Log Double-Digit Delivery Gains for June
Jul 1, 2024
09:31 AM EDT, 07/01/2024 (MT Newswires) -- Chinese electric-vehicle makers on Monday reported double-digit gains for their June deliveries, led by Nio (NIO), which topped its second-quarter target. Nio delivered 21,209 vehicles last month, up 98% year over year, reflecting 11,581 electric sports utility vehicles and 9,628 sedans. The company delivered 57,373 vehicles in the three-months ended June 30, up...
Arthur J. Gallagher Acquires Zayla Partners
Arthur J. Gallagher Acquires Zayla Partners
Jul 1, 2024
09:29 AM EDT, 07/01/2024 (MT Newswires) -- Arthur J. Gallagher ( AJG ) said Monday that it has acquired executive compensation strategy firm Zayla Partners. Financial terms of the deal were not disclosed. Arthur J. Gallagher's ( AJG ) chief executive officer, J. Patrick Gallagher Jr., said the acquisition is expected to boost the group's HR and compensation consulting capabilities....
Merck, Orion Convert Ongoing Collaboration Into Exclusive Global License for Opevesostat
Merck, Orion Convert Ongoing Collaboration Into Exclusive Global License for Opevesostat
Jul 1, 2024
09:29 AM EDT, 07/01/2024 (MT Newswires) -- Merck ( MRK ) and Orion said Monday that they have mutually exercised an option to convert their ongoing co-development and co-commercialization agreement for opevesostat into an exclusive global license for Merck ( MRK ), granting Merck ( MRK ) sole rights to develop and commercialize the drug and other CYP11A1-targeting candidates. As...
Brazil's Petrobras hikes jet fuel prices by more than 3%
Brazil's Petrobras hikes jet fuel prices by more than 3%
Jul 1, 2024
RIO DE JANEIRO, July 1 (Reuters) - Brazilian state-run oil giant Petrobras raised jet fuel prices to distributors by more than 3% in some key marketing areas such as Guarulhos, Betim and Duque de Caxias starting Monday, according to data on the company's website. Petrobras makes monthly tweaks to its jet fuel prices based on factors including oil prices and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved