JAKARTA - The Supreme Court (MA) decided to reject the appeal of Surabaya's Crazy Rich entrepreneur, Budi Said, in the corruption case of the sale and purchase of gold precious metals, PT Antam Tbk, so that the person concerned was still sentenced to 16 years in prison.
"Reject the defendant's cassation," reads the verdict of Case Number 7055 K/PID.SUS/2025 quoted from the official website of Information on Supreme Court Cases of the Republic of Indonesia, quoted by ANTARA, Tuesday, July 29.
The cassation was decided by Supreme Court Justice Jupriyadi as chairman of the assembly along with two members, Sinintha Yuliansih Sibarani and Sigid Triyono, on Wednesday, June 18, 2025.
"The case has been decided, it is in the process of being mitigated by the panel," said Budi Said's statement on the status of the cassation case.
Thus, the verdict against Budi Said remains as decided by the panel of judges at the appeal level.
Previously, Friday (21/2), the DKI Jakarta High Court increased Budi Said's sentence in the sale and purchase of gold precious metals to 16 years in prison.
The panel of appeal judges determined that the amount of fines imposed on Budi Said remained at Rp. 1 billion with the provision that it was replaced with a (subsidiary) imprisonment for six months.
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Meanwhile, regarding the additional penalty in the form of payment of replacement money, the panel of appeal judges added that Budi Said's sentence was in the form of payment of 1,136 kilograms of Antam's gold or equivalent to Rp1.07 trillion.
If Budi Said is unable to pay the replacement money, his property can be confiscated and auctioned off to cover the replacement money. However, if you do not have sufficient assets, it will be replaced with imprisonment for 10 years.
In the first instance court, the panel of judges at the Corruption Court (Tipikor) at the Central Jakarta District Court sentenced Budi Said to 15 years in prison.
Budi Said was also sentenced to a fine of Rp. 1 billion, subsidiary to imprisonment for six months and additional punishment in the form of replacement money of 58.841 kilograms of Antam gold or Rp. 35.53 billion, subsidiary to eight years in prison.
Budi Said was legally and convincingly proven guilty of committing a criminal act of corruption and money laundering (TPPU) together and continuing in accordance with the first primary indictment and the second primary indictment.
He was declared to have violated Article 2 paragraph (1) in conjunction with Article 18 of Law Number 31 of 1999 concerning the Eradication of Corruption as amended and supplemented by Law Number 20 of 2001 Jo. Article 55 paragraph (1) 1 Jo. Article 64 Paragraph (1) of the Criminal Code and Article 3 of Law Number 8 of 2010 concerning Prevention and Eradication of Money Laundering.
In this case, Budi Said was charged with causing state financial losses of Rp1.07 trillion due to acts of corruption and money laundering.
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