Friday, November 26, 2010

Five Years Sought for Rp23bn Fraud

AMLAPURA

Prosecutors have called for a five-year jail sentence for Nyoman Suardana, former chairman of the Karangasem Building Cooperative, who is on trial over the disappearance of Rp23 billion (US$2.5 million) from cooperatives funds.

Chief prosecutor Putu Sugiawan told the Amlapura District Court last Monday that Suardana had made no attempt to repay the money owed to members of the cooperative since the fraud was uncovered in April 2009 when the cooperative’s books were audited.

He was therefore convincingly guilty under Article 374 of the Criminal Code and should receive the maximum five-year sentence.

The prosecutor said prosecutors were also demanded return of 27.4 kilograms of gold and three land certificates.

The prosecution case is that the books showed a notional balance of Rp293 billion ($32.7 million), covering 50,000 cooperative applications but Rp23 billion could not be accounted for because Suardana had applied the money to his own benefit.

Suardana, who is originally from Buleleng, is conducting his own defence. The hearing is due to resume next Tuesday to hear defence evidence.

Tags: Bali, fraud, trial

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