Financial Crime Financial Crime

Comment: 'Phenomenal' $2.7 billion restitution order on Indonesian palm-oil tycoon for graft could set precedent

By Jet Damazo-Santos
  • 24 Feb 2023 05:18
  • 24 Feb 2023 05:18
The unprecedented $2.7 billion restitution order against convicted Indonesian palm-oil tycoon Surya Darmadi could set a new precedent for future graft cases, leading to a greater focus on estimating the full economic losses caused by corruption.

"This is a phenomenal verdict, because the economic losses were proven and the defendant, Surya Darmadi, is

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Jet Damazo-Santos

Correspondent, Jakarta

Jet Damazo-Santos has been covering antitrust, data protection and other compliance issues in key jurisdictions in Southeast Asia for MLex full time since 2018. She has almost two decades of journalism experience in the Philippines and Indonesia, where she was the associate editor for the Jakarta Globe and the Jakarta bureau chief for Rappler Indonesia prior to joining MLex. She holds a master's degree in Applied Business Economics from the University of Asia and the Pacific.

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