The Tire King’s Trillions - Law - magz.tempo.co

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The Tire King’s Trillions

Tuesday, June 11, 2019

A KPK team has begun tracking down Sjamsul Nursalim’s assets as collateral to compensate state losses. His wealth is currently estimated to be over Rp10 trillion.

Gajah Tunggal CEO Sjamsul Nursalim at the company’s tire factory in Tangerang, now in Banten province, 1987. TEMPO/Ali Said. tempo : 173220890248.

A criminal investigation order for Sjamsul Nursalim became the legal basis for the Corruption Eradication Commission (KPK)’s unit for asset tracking, evidence management and execution to begin drawing up a list of that business tycoon’s assets. Their findings will guide the KPK in mapping out which assets can be confiscated by the state in a case of suspected corruption in the issuing the release and discharge letter of Bank Indonesia

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