Modern group owner in prison
Arrested businessman Samadikun Hartono, who had been on the run for 13 years since his conviction for embezzling government bailout money, will be interrogated and serve his prison term. The 68-year-old arrived at Halim Perdana Kusuma Airport in Jakarta was arrested in Shanghai by Chinese authorities. He was found guilty to embezzle Rp2.5trillion ($190m) in bailout money received by the now-defunct Bank Modern from the notorious Bank Indonesia Liquidity Assistance (BLBI) fund during the Asian financial crisis of 1998. He was to 4 years in prison and Rp169bn fine in 2003. Samadikun’s family controls the Modern Group, a diversified business conglomerate that controls various businesses, ranging from property, photographic equipment to retail outlets.