Jakarta (ANTARA) - The Jakarta Corruption Court on Friday sentenced a former executive of the state gold miner PT Antam Tbk to four years of imprisonment in a corruption case related to the sale and purchase of gold bullion.

The convict, Abdul Hadi Aviciena, was also fined Rp500 million (approximately US$31,000).

"We find the defendant, Abdul Hadi Aviciena, guilty of corruption as charged in the primary indictment," Chief Judge Tony Irfan declared during the verdict reading.

The court found that Abdul Hadi, a former general manager at Antam, had violated Law Number 31 of 1999 on the Eradication of Corruption, as amended by Law Number 20 of 2001.

The court ruled that if the fine is not paid, it will be replaced with a three-month prison sentence.

In determining the sentence, the court considered both aggravating and mitigating factors. It noted that Abdul Hadi's actions were detrimental to the government's program and caused state losses, which served as aggravating factors.

"However, the court acknowledged mitigating circumstances, including the fact that the defendant had no prior criminal convictions and did not personally benefit from his actions," the chief justice stated.

This sentence is less severe than the prosecution's demand of seven years in prison.

In the corruption case, Abdul Hadi was charged with causing state losses of Rp92.25 billion (approximately US$5.71 million).

These losses were attributed to his failure to oversee the implementation of quarterly stock inventories at all Antam Boutiques, including the Surabaya 01 Precious Metal Gold Boutique (BELM), which experienced a significant increase in gold sales in 2018.

Abdul Hadi's negligence in overseeing these inventories resulted in a physical shortage of 152.8 kilograms of Antam gold at BELM Surabaya 01, ultimately causing state losses.

Earlier on the same day, Budi Said—often referred to as "Crazy Rich Surabaya"—received a 15-year prison sentence after being found guilty of corruption and money laundering in connection with the Antam gold trading scandal.

He was also fined Rp1 billion, with a six-month prison term as an alternative, and ordered to pay restitution of 58.841 kilograms of Antam gold (valued at Rp35.53 billion) or face an additional eight years in prison.

Said was accused of causing state financial losses of Rp1.07 trillion (approximately US$66.19 million).

The alleged corruption occurred when Said received an excess of 58.13 kilograms of Antam gold (valued at Rp35.07 billion) that did not correspond to the gold sales invoice and without making any payment to Antam.

In addition to the corruption charges, Said also faced money laundering charges related to the proceeds of his alleged corruption, including disguising Antam gold sales transactions and using them as capital for CV Bahari Sentosa Alam.

Related news: Surabaya businessman sentenced to 15 years for gold trading fraud
Related news: Indonesia ready to establish bullion banks: Minister Thohir

Reporter: Agatha Olivia Victoria, Aditya Eko Sigit Wicaksono
Editor: Anton Santoso
Copyright © ANTARA 2024