An Indonesian businessman on trial for corruption allegations involving state-owned PT Jiwasrayas insurance and investment group is accused of having used more than Rp28.3 billion (US$1.9 million) in state funds to re-pay gambling debts in Macau, according to Antara News.
Heru Hidayat, President Commissioner in PT Trada Alam Minera Tbk, a marine and terminal services section of the fund, is accused by Indonesian prosecutors of laundering money obtained from the Indonesian state health insurance group at casinos in Singapore, New Zealand, and Macau.
In January of this year, Indonesian auditors uncovered a US$2 billion hole in the state-owned insurance company, in a scandal impacting 17,000 buyers of investment products and 7 million cli…
Read the full article at: https://www.macaubusiness.com/indonesian-businessman-accused-of-using-almost-us2mln-of-state-funds-in-local-casinos/