The dispute over the loan agreement provided by a syndicate of banks led by PT Bank PDFCI to PT Geria Wijaya Prestige (controlled by the Karjadi family) continues. The agreement turned into a complicated maze of legal battle in both civil and criminal realms, which has produced dozens of conflicting court verdicts. Two of the Karjadi brothers were named suspects in a criminal case for allegedly committing fraud as a result of a police report submitted by Artha Graha patron Tomy Winata. They were found guilty on January 22, 2020. That said, we will not see closure yet. By the end of 2019, the Jakarta High Court decided to decline Tomy Winata’s appeal petition in the tort lawsuit. This means the decision of the Central Jakarta District Court (which declined Tomy’s lawsuit) remains valid. The North Jakarta District Court also had decided against Tomy and MCOR. In addition, one of the Karjadi brothers chose to appeal. 

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