The Supreme Court has acquitted former Prosperous Justice Party (PKS) lawmaker Muhammad Misbakhun of forgery charges linked to the controversial Rp. 6.76 trillion (US$716.56 million) bailout to Bank Century.

According to a statement on the court's website on Friday, a hearing led by three justices; Artidjo Alkostar, Mansyur Kartayasa and Baharudin Utama; approved Misbakhun's plea to overturn his conviction on July 5.

"I just also found out about the ruling today. This is one of my Ramadhan blessings. I am grateful to the Supreme Court justices who were brave in upholding truth and justice. I hope this ruling becomes an inspiration to those who have fallen victim to this authoritarian government," Misbakhun said in a text message.

The Supreme Court previously upheld a ruling by the Jakarta High Court sentencing the politician to two years in jail for forging letter of credit documents of Bank Century (now Bank Mutiara) that made one of his companies, PT Selalang Prima International, eligible for a $22.5 million loan.

Misbakhun and his party had always believed that his case was politicized because he was among lawmakers who aggressively pushed for a thorough investigation into the controversial 2008 bailout.

Despite his innocence, Misbakhun had already served a one year jail term. In April 2011, he was granted a parole release. In its latest ruling, the Supreme Court also called for rehabilitation for Misbakhun's damaged reputation.

The case had prompted the PKS to recall Misbakhun from the House of Representatives but his PKS fellow, lawmaker Mahfudz Siddiq, said it would be very unlikely Misbakhun could return to the House albeit the acquittal.