SINGAPORE – Freed from a Jakarta prison in 2018 after serving 10 years for financial crimes, including money laundering, the former president of a failed bank said he discovered that his brother-in-law had pocketed his share of a joint investment in the United States worth millions.
Both men are Indonesian citizens. Mr Tantular used to be a Singapore permanent resident, while Mr Tan lived in Singapore before he died in 2021 at the age of 66. The case concerns an investment made in 1991 in a mixed-use residential and commercial development in Dallas, Texas, known as The Centrum. But Ms The’s lawyers said Mr Tantular was the opportunistic one, trying to squeeze his former business partner for money when he had exited from the investment in 2005 or 2006.