Headline: Indonesian Magnate PT Timah Dirut, Dwiocar Jaksa – Bangkapos.com”>Harvey Moeis Sentenced to 6.5 Years in Prison for $30 Billion Tin Corruption
Article:
Indonesian tycoon Harvey Moeis was sentenced to 6 years and 6 months in prison by the Jakarta Corruption Court on Monday (December 23, 2024), for his role in a massive corruption scandal involving the trading of tin, resulting in a staggering loss of IDR 300 trillion ($30 billion) to the state.
The presiding judge, Eko Aryanto, read out the verdict, stating, "Harvey Moeis has been proven guilty beyond reasonable doubt of committing corruption and money laundering." Alongside the prison sentence, Moeis was also ordered to pay a fine of IDR 1 billion, replaceable with 6 months of imprisonment if unpaid.
Moeis, who represented PT Refined Bangka Tin in the joint venture with PT Timah, was additionally ordered to pay IDR 210 billion in restitution. Failing this, his properties will be seized and auctioned to recover losses, with any shortfall met with additional imprisonment.
The court ruled that the aggravating factors against Moeis included his actions hindering the government’s anti-corruption efforts, while mitigating factors deemed relevant were his lack of previous convictions, proper conduct during trial, and family obligations.
Harvey Moeis was found guilty of violating Articles 2 and 18 of the Corruption Eradication Commission’s Law (UU Tipikor), along with Article 55(1) subsection a of the Criminal Code (KUHP), and Article 3 of Law No. 8/2010 on the Prevention and Eradication of the Criminal Act of Moneylaundering.
The prosecution had initially sought a 12-year prison term and the same fines for Moeis, alleging that his actions had caused significant state losses. The case was among Indonesia‘s largest corruption scandals, with Moeis and other co-defendants accused of manipulating tin trade agreements during the administration of former State-Owned Enterprises Minister Rini Soemarno.