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Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

August 14, 2007 (LBO) – A Jakarta court has refused a request to extradite directors of Goldquest because the crime for which they were wanted in the Philippines did not exist in Indonesian law, media reports said. The Manila Standard said Presiding Judge Prasetyo Ibnu Asmara of the District Court of South Jakarta released Vijayeswaran Vijayaratnam and his Filipino partners Tagumpay Pablo Perez Kintanar, Joseph Luis Eleuterio Tomacruz Bismark, and Donna Marie Glenn Imson on July 31.

The four were arrested in connection with a crime called ‘syndicated estafa’ in a case filed by former business partners in the Philippines.

“The crime of syndicated estafa is unknown in Indonesian jurisprudence,” Manila Standard said.

“Since the extradition agreement between the two countries adheres to the principle of ‘dual criminality,’ the court said Indonesia and the Philippines must both consider any action a crime before extradition can be granted.”

Since the extradition request was turned down, the four had been ordered to be released from police detention and their passports returned.

The four had since appealed to the Supreme Court in Quezon City to stop the trial against them at a lower court.