|
|
JAKARTA - Police in the Indonesian capital of Jakarta detained two people on Friday for an alleged money-laundering scheme involving state-owned insurer Asuransi Kredit Indonesia (Askrindo) which may have cost the state up to Rp 500 billion ($59 million), local media reported on Sunday.
The suspects, who have been identified as former directors at Askrindo, are accused of putting the insurer\'s funds in six investment companies between 2004 and 2009 under the pretext of diversifying Askrindo\'s portfolio by investing in corporate and state bonds.
However, there was no return for the state from the investment and investigators found only Rp 5 billion ($585,000) was left in the companies, the Jakarta Globe reported.
Chief Commander Baharudin Djafar told the newspaper that the remaining Rp 5 billion ($585,000) would be used as evidence and that police are investigating the whereabouts of the rest of the money.
The Askrindo executives have also been charged under the Anti-Corruption law in connection with the fraud which could total between Rp 400 billion ($46.8 million) and Rp 500 billion ($58.5 million), according to investigators.
The investigation started two months ago in June based on the information reported by the Capital Market and Financial Institution Supervisory Agency (Bapepam) and the Financial Transaction Reports and Analysis Center (PPATK), an anti-money laundering agency.
Police plan to question a number of witnesses, state auditors, and experts in investment, money laundering and criminal law to help with the investigation, Baharudin told the newspaper.
Ajie Indra, head of the corruption investigation unit at Jakarta police, said the number of suspects could increase but so far, no one from the six investment companies has been arrested or charged. However, some 24 bank accounts of suspects and other people who could also be implicated have been frozen while the investigation continues.
|
|
|
|
|
|
There are no reactions on this blog entry yet. Be the first one to give a reaction here!
|
|
Log in to write a reaction
|
You are not logged in to the website. You have to be logged in to write a reaction on this blog entry.
· If you already have an account, please login.
· If you have lost your password, please retrieve it.
· If you don't have an account yet, you can create one.
|
|
|
| ABOUT THIS ENTRY |
Add this blog entry to your email, your own blog, MySpace, Facebook, or whatsoever via AddThis:
|
Login if you want to receive emails for reactions on this blog entry. You will receive an update as soon as a reaction on this blog entry is posted.
|
|
Looking for e-tickets for flights in Indonesia? Here's your solution! Order your e-tickets at ticketindonesia.info.
|
| BLOG ARCHIVE |
· 2015, 28 entries
· 2014, 591 entries
· 2013, 750 entries
· 2012, 1061 entries
· 2011, 792 entries
· 2010, 644 entries
· 2009, 916 entries
· 2008, 504 entries
· 2007, 725 entries
· 2006, 1014 entries
· 2005, 723 entries
· 2004, 558 entries
· 2003, 525 entries
· 2002, 375 entries
· 2001, 162 entries
|
| POPULAR TAGS |
Automatically generated every hour
|
| EXCHANGE RATES |
@ 17 May 2018 18:12 CET
|
@ 17 May 2018 21:58 CET
|
@ 15 May 2018 08:42 CET
|
@ 07 May 2018 07:48 CET
|
@ 16 May 2018 09:18 CET
|
@ 17 May 2018 00:46 CET
|
|
| Go to 'exchange rates' |
|
