Sitting On Antam Vs Entrepreneurs' Gold Dispute Case Surabaya

Antam's gold illustration (Photo: Doc. Antara)

YOGYAKARTA In this article will be discussed in the case of Antam vs. gold dispute against a Surabaya businessman named Budi Said who is currently in the cassation stage at the Supreme Court (MA).

Previously, the Supreme Court rejected the review (PK) submitted by PT Aneka Tambang Tbk (Antam) against Budi Said.

The decision to reject PK Antam against Crazy Rich Surabaya was decided on September 12, 2023. Thus, the cassation previously filed by Budi Said has permanent legal force.

In the previous cassation decision, Antam was required to pay as much as 1.1 tons of gold to be said. When referring to Antam's current gold price which is at the level of 1,015,600,000 per kilogram, the value of 1.1 tons of gold compensation is around Rp1.15 trillion.

The dispute between PT Aneka Tambang and Crazy Rich Surabaya, Budi Said began when the plaintiff bought 7 tons of Antam's gold worth IDR 3.5 trillion in 2018.

Budi bought the gold because he was interested in the gold bullion discount program sold by PT Antam through the Mulia Metal Gold Boutique (BELM) Surabaya branch.

Budi received information on a gold discount from Eksi Anggraeni, as the marketing of Antam branch of Surabaya.

When giving an explanation of Antam's gold discount program, Eksi was accompanied by Endang Kumoro and Misdianto. Next, there was a purchase of gold bullion at a price of Rp530 million per kilogram. This value is below the official price of PT Antam, which is Rp585 million per kilogram.

However, on its way, Budi's gold bullion was only 5,935 kilograms, far below the agreed total.

In fact, after paying off the payment, Budi never received a gold shortage of 1,136 kilograms.

Feeling cheated, Budi sent a letter to PT Antam Surabaya branch. However, the letter sent was never answered.

Budi then sent a letter to the Central Antam in Jakarta. However, Antam stated that he had never sold gold bars at a discount price.

Feeling aggrieved, Budi sued a number of parties, namely:

Initially, Budi Said won at the Surabaya District Court (PN). However, Budi Said lost at the appeal level.

The conglomerate, which owns a property company in Surabaya, then filed an appeal and his request was granted by the Supreme Court.

"Declare Defendant I is responsible for all actions and all as a result of his law committed by Defendant II, Defendant III and Defendant IV. Punish Defendant I together with Defendant II, III, IV in the range to hand over gold of 1,136 (a thousand hundred and thirty six) kilograms of Antam gold bullion to the Plaintiff or if gold is not handed over 1,136 (one thousand hundred and thirty six kilograms) then replaced with money equivalent to gold haarga at the time of the implementation of this decision," said the spokesman. MA, Supreme Court Justice Andi Samsan Nganro in July 2022.

"Punishing Defendant V to pay material losses to the Plaintiff in the amount of Rp92,092,000,000 (ninety-two billion and two million rupiahs," said Andi Samsan.

This decision automatically cancels PT Surabaya's appeal decision. Thus, PT Antam had to pay compensation to Budi in the amount of 1.1 tons of gold.

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