Former President Director Of Taspen Antonius Kosasih Sentenced To 10 Years In Prison For Fictitious Investment Cases

Mantan Direktur PT Taspen Antonius Kosasih (kanan) bersama Direktur Utama PT IIM periode 20162024 Ekiawan Heri Primaryanto (kiri)/ANTARA/Agatha Olivia Victoria.

JAKARTA - Former President Director of PT Taspen (Persero) Antonius Kosasih was sentenced to 10 years in prison in connection with the alleged fictitious investment case at PT Taspen in 2019.

"Kosasih has been legally and convincingly proven guilty of committing a criminal act of corruption together as the primary indictment of the public prosecutor," said Chief Judge Purwanto Abdullah when reading the verdict of the panel of judges at the Corruption Court at the Central Jakarta District Court, Monday, October 6.

The panel of judges in their decision stated that Kosasih was proven to have harmed state finances amounting to Rp1 trillion.

In addition to imprisonment, Kosasih, who in this case was declared to have committed corruption while serving as Investment Director of PT Taspen in 2019, was also sentenced to a fine of Rp. 500 million, provided that if the fine was not paid, it would be replaced (subsider) with imprisonment for 6 months.

The Panel of Judges also punished Kosasih with an additional penalty in the form of paying compensation of Rp29.15 billion; 127,057 US dollars (US); 283,002 Singapore dollars; 10 thousand euros; 1,470 Thai baht; 30 British pounds; 128 thousand Japanese yen; 500 Hong Kong dollars; 1.26 million Korean won; and Rp2.87 million.

"In the event that the defendant does not have sufficient assets to pay the replacement money, he will be replaced with imprisonment for 3 years," said the presiding judge.

For his actions, Kosasih was found guilty as stated in Article 2 paragraph (1) in conjunction with Article 18 of Law Number 31 of 1999 concerning Eradication of Criminal Acts of Corruption as amended and supplemented by Law Number 20 of 2001 jo. Article 55 paragraph (1) 1st of the Criminal Code.

Before passing the verdict, the Panel of Judges considered the actions carried out using a complex and structured modus operandi involving various parties and used a layered transaction scheme to hide traces, as aggravating the verdict against Kosasih.

In addition, other burdensome acts considered, namely Kosasih, as Investment Director of PT Taspen at that time, should be an example in applying the principles of prudence and good corporate governance, actually abusing the authority for personal interests.

Kosasih's actions are also considered to have reduced public confidence in the management of the State Civil Apparatus (ASN) pension fund and the governance of State-Owned Enterprises (BUMN) in general and contrary to laws and regulations in eradicating corruption.

The Panel of Judges also assessed that Kosasih's actions broadly involve ASN pension crimes that depend on Old Age Savings (THT) funds for life in old age.

"The defendant also did not attempt to return the state losses voluntarily," said the presiding judge.

Meanwhile, Kosasih, who has never been convicted, has family responsibilities, and being polite at trial is a mitigating matter considered before passing the verdict.

The verdict of the Panel of Judges is as heavy as the prosecutor's demands, namely imprisonment for 10 years, a fine of Rp. 500 million, subsidiary to imprisonment for 6 months, and replacement money with the same amount.

In that case, Kosasih was charged with causing state losses of Rp1 trillion along with the President Director of PT IIM for the 2016-2024 period Ekiawan Heri Primaryanto.

Both of them are suspected of jointly making fictitious investments to enrich themselves, others, and corporations, causing state losses.

In detail, the case enriched Kosasih worth Rp28.45 billion, 127,037 US dollars (US), 283 thousand Singapore dollars, 10 thousand euros, 1,470 Thai bahts, 20 British pounds, 128 Japanese yen, 500 Hong Kong dollars, and 1.26 million Korean won, and enriched Ekiawan with 242,390 US dollars.

In addition to the two, this unlawful act helped enrich Patar Sitanggang by Rp200 million, PT Insight Investment Management (IIM) Rp44.21 billion, and PT Pacific Sekuritas Indonesia Rp108 million.

Several other parties enriched in the case, namely PT KB Valbury Sekuritas Indonesia worth IDR 2.46 billion, Sinar Emas Sekuritas IDR 44 million, and PT Tiga Pilar Sejahtera Food Tbk. (TPSF) IDR 150 billion.