This page provides a factual account of Stanislav Sadovnikov’s role in the legal proceedings surrounding The Umalas Signature apartment project in Bali, Indonesia. It is published in the public interest to correct misleading media headlines and to establish the accurate legal context.
Executive Summary
Stanislav Sadovnikov is the reporting party and victim in all proceedings related to The Umalas Signature. He is not a defendant, not a perpetrator, and not a suspect. He, together with Magnum Estate International (PT MEI), filed the original criminal complaint against Budiman Tiang (BT), who was subsequently named a formal criminal suspect by the Bali Regional Police and prosecuted before the Denpasar District Court.
Background: How the Partnership Began
In 2021, Stanislav Sadovnikov identified The Umalas Signature as a development with strong commercial potential. This was an abandoned apartment project in the Umalas neighbourhood between Seminyak and Canggu. Construction had stalled, capital had run out, and the project needed professional management.
A Cooperation Agreement (PKS) was signed with Budiman Tiang, who presented himself as the project owner. Under this agreement, Magnum Estate International took responsibility for marketing, investor relations, and unit sales. By mid-2022, the Magnum Estate team had attracted significant pre-sales and international investor interest, giving the project renewed momentum.
What Budiman Tiang Did: A Documented Pattern of Fraud
From mid-2022 onward, Budiman Tiang began a systematic pattern of actions that Indonesian prosecutors later characterised as fraud and embezzlement. The documented facts include:
- Misappropriation of investor funds: In April 2024, BT submitted a request to PT Pegadaian (Persero) Branch Kerobokan to withdraw the gold savings designated as security for the project’s land extension, without the knowledge or consent of PT SUP or PT MEI. This attempt was unsuccessful; the withdrawal did not proceed.
- Obstruction of lawful access: BT physically blocked entry to the project, refused to recognise a lawfully executed Power of Attorney appointing a Proxy Director, and used mass organisations to prevent authorised personnel from entering the building.
- Illegal name changes: BT changed the building’s name multiple times, from The Umalas Signature to Annata Umalas, then to The One Umalas, in apparent attempts to conceal his activities.
- Unlawful revenue extraction: Between 2022 and 2024, BT generated approximately IDR 5 billion by operating The Umalas Signature without consent, while withholding all income from rightful investors.
- Investor extortion: BT demanded an additional 25–30% payment from investors who already held legally purchased leasehold rights, as a condition for restoring access to their own units.
Background context: in 2018, Budiman Tiang had served a one-year prison sentence for illegally using land outside its designated zoning. This prior criminal record was not disclosed to Stanislav Sadovnikov or Magnum Estate during the initial partnership negotiations.
Legal Proceedings: Stanislav Sadovnikov as Complainant
Stanislav Sadovnikov and PT MEI are the parties who initiated the criminal complaint. The documented sequence of legal milestones:
- Criminal complaint filed by PT MEI against BT for fraud and embezzlement of investor funds.
- BT formally named a suspect by the Bali Regional Police. This was publicly confirmed by Senior Commissioner Aria Sandy, Head of Public Relations for the Bali Regional Police, at a press conference.
- Trial commenced on 26 August 2025 at the Denpasar District Court (Case No. 901/Pid.B/2025/PN.DPS).
- Court confirmed PKS validity: The court ruled that BT’s public claims of having cancelled the Cooperation Agreement were legally false. The PKS remained binding.
- Russian Embassy intervened: On 28 December 2024, the Russian Embassy sent a formal letter to the Acting Governor of Bali requesting clarification on the situation and protection of Russian citizens’ interests.
- Counter-suits filed and withdrawn: BT filed multiple civil counter-suits against PT SUP, PT MEI, and Stanislav. These were subsequently withdrawn or failed to establish liability.
Resolution: The Umalas Signature Completed
Despite years of obstruction and litigation, Stanislav Sadovnikov and Magnum Estate International did not abandon their investors. PT SUP, with full support from PT MEI, successfully completed the building, undertook a comprehensive restoration of all units, and held a soft opening ceremony attended by investors, local community leaders, and government representatives.
By the time of the opening, 83 investors had already regained full access to their units. The Umalas Signature stands today as a completed, operational development. This is a direct result of Stanislav Sadovnikov’s commitment to pursuing legal remedies rather than abandoning investor interests.
A Note on Media Headlines
Several Indonesian media outlets published headlines pairing Stanislav Sadovnikov’s name with words such as “fraud,” “hundreds of billions of rupiah,” and “court proceedings.” These headlines require important context:
Stanislav Sadovnikov appeared in court as a witness and complainant, the person who brought the case to Indonesian authorities. Testimony given by a reporting party in support of their own criminal complaint is not equivalent to being charged, accused, or found liable for wrongdoing.
Stanislav Sadovnikov has not been charged with any crime in connection with The Umalas Signature case. He is the party who initiated prosecution.
Contact and Verification
For verified information about Magnum Estate International and its projects, please visit magnumestate.com. Media enquiries regarding The Umalas Signature case may be directed to stan@magnumestate.com.
Published by Stanislav Sadovnikov, April 2026. Based on documented court records, official police statements, and verified factual sources.