Financial Crime Financial Crime

Fugitive Indonesian palm oil tycoon surrenders to face $5 billion corruption case

By Jet Damazo-Santos
  • 16 Aug 2022 06:31
  • 16 Aug 2022 06:31
After being on the run for three years, Indonesian palm oil tycoon Surya Darmadi returned to Jakarta yesterday to surrender to authorities and face a corruption case involving illegal land use and conversions estimated to have cost the country $5 billion in losses — the largest ever involving a single company. 

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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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