JAKARTA - The Supreme Court (MA) has increased the sentence of the former Director General of the Ministry of Finance's Budget, Isa Rachmatarwata, in the PT Asuransi Jiwasraya corruption case from one year and six months in prison to two years.
In addition to increasing the prison sentence, the Supreme Court also increased the fine from Rp. 100 million to Rp. 200 million with 80 days of imprisonment.
"Refuse to improve. Refuse the appeal of the public prosecutor and the defendant with an improvement of two years' imprisonment and a fine of Rp. 200 million, subsider 80 days in prison," said the MA's ruling, quoted from the MA's website, reported by ANTARA, Thursday, July 2.
The cassation verdict was handed down by a panel of judges headed by Yanto with members Anshori and Achmad Setyo Pudjoharsoyo.
Through the ruling, the Supreme Court changed the appeal decision of the Jakarta High Court which had previously upheld the Corruption Court's decision at the Central Jakarta District Court, namely a sentence of imprisonment for one year and six months and a fine of Rp. 100 million.
In this case, Isa was found guilty of committing corruption in common as a sub-charge and was found to have violated Article 3 in conjunction with Article 18 of Law Number 31 of 1999 concerning the Eradication of Corruption as amended by Law Number 20 of 2001 in conjunction with Article 55 paragraph (1) of the Criminal Code. 1.
Isa was charged with causing state losses of IDR 90 billion in the alleged corruption case in the management of the finances and investment funds of PT Asuransi Jiwasraya in the period 2008-2018.
According to the indictment, the losses occurred after Isa, while serving as Head of the Insurance Bureau of Bapepam-LK in the period 2006-2012, approved insurance products when Jiwasraya's financial condition had deteriorated.
The act was allegedly carried out together with Hendrisman Rahim, Hary Prasetyo, and Syahmirwan and enriched Provident Capital Ltd. by Rp50 billion and Best Meridian Insurance Company by Rp40 billion.
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