Court asks for fund swindled out of Arutmin
Monday, October 2 2000 - 04:00 AM WIB
The Balikpapan, East Kalimantan District Court had ordered the prosecutors to deliver the fund swindled by local company CV Cakra Inti Pursuma out of coal mining company PT Arutmin Indonesia.
Kaltim Post reported that during the hearing on Friday, the panel of judges asked the prosecutors to transfer the money, which has been deposited at the Bank Danamon to the court's bank account.
The Balikpapan District Court is examining the corruption case, which reportedly caused Arutmin to suffer Rp 5.1 billion in losses.
The corruption reportedly involved the director of CV Cakra Inti Pursuma, who had been put under house arrest, and Arutmin's logistic and service manager, two employees handling storage affairs, who have been placed in prison.
Maruba Limbong, who was presented as witness during the hearing, said the graft was unveiled after Arutmin found it suspicious that its expenditure for transportation sharply rose to Rp 4.8 billion in 1999 from Rp 900 million in 1998.
After some investigation, Arutmin found 90 bills issued by Cakra Inti Pursuma, which charged the company much higher than the prices agreed on the transportation contract signed by both companies. (*)