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#32416 - 25 Aug 06 22:47 AP/Former Indonesian investment promotion agency chief given 6 year jail term
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
Former Indonesian investment promotion agency chief given 6 year jail term for corruption

JAKARTA (AP): An Indonesian court on Friday convicted the former chairman of the country's investment promotion agency of corruption and sentenced him to six years in jail.

Theo Toemion, who headed the Investment Coordinating Board under President Megawati Soekarnoputri, was found guilty by the anti-graft court of misappropriating in 2003 and 2004 moneyearmarked for drawing foreign investors to Indonesia.

In its verdict, a panel of judges concluded that Toemion embezzled state money intended for the investment promotion program, causing a loss of about Rp 30.1 billion (US$3.2 million).

The panel also fined Toemion Rp 300 million and ordered him to repay Rp 23.1 billion to the state within one month, or serve an extra three years and three months in jail.

Toemion said he would appeal.

President Susilo Bambang Yudhoyono, who took office in October 2004 as Indonesia's first directly elected president has vowed to crack down on corruption, endemic in the country since the regimeof dictator Soeharto, making the country less attractive to foreign investors.

Since then, a slew of former ministers and regional and national officials have either gone on trial or been sentenced to prison for corruption, but vast areas of the state bureaucracy remain untouched. (***)
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#32417 - 25 Aug 06 22:51 Re: AP/Former Indonesian investment promotion agency chief given 6 year jail term
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
cop it, theo, you greedy thug!

oddly, The Jakarta Post have chosen to use a wire service story rather than put one of their own journalists on the job. but then, TJP have never been keen to chase theo, for some unknown reason.
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#32418 - 26 Aug 06 10:34 Re: AP/Former Indonesian investment promotion agency chief given 6 year jail term
riccardo Offline
Pujangga

Registered: 12 Oct 05
Posts: 2195
Loc: Jakarta
A real slimy piece of work, that one. I have also noticed that "certain" media tiptoe around all his issues with real kid gloves.
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#32419 - 26 Aug 06 14:25 Re: AP/Former Indonesian investment promotion agency chief given 6 year jail term
Balibob Offline
Member**

Registered: 14 Jun 06
Posts: 1066
Loc: Bali
isn't he the same "ASSHOLE" that attacked the Expat kid and his folks at JIS??
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#32420 - 26 Aug 06 14:43 Re: AP/Former Indonesian investment promotion agency chief given 6 year jail term
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
yep, that's the one. but hitting 14-year-olds was the least of his crimes. as head of the BKPM he systematically ripped off people wanting to invest in indonesia. he even attemped to have me deported by colluding with the the enforcment division in the immigration dept. my crime? refusing to pay "fees" to his underlings. i called the KPK about the matter, and that seemed to mark the beginning of the end for the little prick.
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#32421 - 27 Aug 06 11:02 Re: AP/Former Indonesian investment promotion agency chief given 6 year jail term
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
Ex-investment chief jailed for graft

The Jakarta Post, Jakarta

The Anticorruption Court sentenced former Indonesian Investment Coordinating Board (BKPM) chief Theo F. Toemion to six years' imprisonment and fined him Rp 300 million (US$32,840) on Friday for misappropriating Rp 30.15 billion in state funds.

The court also ordered Theo to return Rp 23.115 billion of the funds within one month, or face the seizure of his assets for auction.

Judges met the prosecutors' demands on jail time and the fine, but they had requested he return Rp 26.346 billion of funds misused from an investment campaign in 2003 and 2004.

Presiding judge Mufri said Theo was proven guilty of stealing a total of Rp 30.15 billion in state funds, Rp 12.141 billion of which was used by the suspects to establish a television channel, Trang Channel, to promote the country's investment climate.

The court heard that Trang Channel, established on Oct. 22, 2003, but never operational, was owned by Theo through his company PT Trang Indonesia Indah.

"The state budget did not include the establishment of a television channel. Theo's reason for establishing it does not make any sense. If BKPM wanted to promote investment, it could have used the existing state television channel, TVRI," said Murfi.

"And even if it was necessary to establish another station, then it should have been an asset for BKPM, not for an individual."

PT Catur Dwi Karsa Indonesia (CDKI) should have received Rp 18.873 billion of the funds for the 2003 Indonesia Investment Year programs, but only received Rp 6.732 billion from Theo.

The court also found Theo guilty of embezzling Rp 14.320 billion of state funds from the Rp 20.8 billion allotted for the 2004 Indonesian Investment Year.

The judge said Theo used the funds to make documentaries about the investment climate in regions of the country. The filmmaking was supposed to have been done by CDKI according to the contract of work between the company and the BKPM.

Theo, a currency analyst turned politician, continued to protest his innocence after the verdict and said he would appeal.

"I'm very disappointed with everything read by the judges. None of my testimony in court was included there. The verdict doesn't represent any facts revealed during the trial sessions."

Although claiming he supported the drive to stamp out corruption, Theo said he was treated unfairly and had been singled out by "powerful people".

He demanded that law enforcers also investigate his replacement, Muhammad Lutfi, who he alleged committed worse fraud during the 2005 Indonesian Investment Year. He did not elaborate.

Theo is the second Cabinet member from Megawati Soekarnoputri's administration to be sent to jail. In February a court here sentenced former religious affairs minister Said Aqil Hussein Al-Munawwar to five years' jail for misappropriating Rp 719 billion of state funds during the 2001-2004 period.(07).
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