Time magazine has been ordered by Indonesia’s highest court to pay $106 million to controversial former Indonesian dictator Suharto for a May 1999 cover story, “The Family Firm,” that alleges his family amassed billions of dollars during his rule, the Associated Press reports today.
Suharto filed a lawsuit against Time in the Central District Jakarta court, and later the Jakarta High Court, the report says. Both courts ruled in Time’s favor, but a panel of three Supreme Court judges overturned the decisions on Aug. 31. Time Inc. Asia and six employees were ordered also to issue an apology. Although the court is Indonesia’s highest, Time can appeal the decision.
Time Inc. spokesperson Daniel Kile told the AP that the magazine had no comment because it has not received notification form the Indonesian court about a ruling. Time Inc. has said that its story was based on four months of reporting in 11 countries that uncovered an intricate network of corporate investments, bank transfers and property holdings in Switzerland, Uzbekistan and Nigeria.
Suharto, now 86, faces a lawsuit filed by the Indonesian attorney general that seeks $1.54 billion in alleged stolen funds and damages, according to the report.