Indonesian tycoon sentenced to life in jail for stock manipulation

PT Hanson International president director Benny Tjokrosaputro (right), who is also a defendant in a high-profile graft case involving state-owned insurer Asuransi Jiwasraya, attends the first court hearing of the case at the Jakarta Corruption Court on June 3. (Antara/Galih Pradipta)

JAKARTA: An Indonesian graft court has sentenced businessman Benny Tjokrosaputro to life in prison for a stock manipulation scheme that helped trigger losses of more than $1 billion at state insurer Asuransi Jiwasraya, state news agency Antara said.

Three of the insurer's executives were among the five other defendants sentenced to life terms in one of Indonesia's biggest anti-graft trials by a special corruption court in Jakarta, the capital.