Bankers probed on missing Rp 83b<\/p>\n
JAKARTA (JP): Police are questioning six former executives of
\na private bank arrested recently for allegedly defrauding their
\nown bank of Rp 83 billion (US$32 million).<\/p>\n
City Police Spokesman Lt. Col. E. Aritonang said yesterday the
\nnumber of suspects in the Bank Asta case might rise following the
\nquestioning.<\/p>\n
\"All six former executives are being detained at the city
\npolice headquarters,\" Aritonang said.<\/p>\n
The six were named as former owner Nugraha Tirtanata; former
\npresident director Edy Setiadi; former director Fauzi Zulkarnain;
\nformer treasurer Ratna Yulistianingrum; former marketing director
\nKresna Linardi; and a former commissioner Agung Darma Wijaya.<\/p>\n
\"They were arrested two weeks ago based on a report dated July
\n4 made by the bank's new board of directors,\" Aritonang said.<\/p>\n
He said the bank fraud allegedly began in 1995.<\/p>\n
He said there were three aspects to the fraud: buying deposit
\ncertificates, commercial papers and bonds.<\/p>\n
In the first method, Nugraha ordered Bank Asta to buy deposit
\ncertificates from another bank. In cooperation with an executive
\nof that bank, Nugraha then withdrew the money, said Aritonang.<\/p>\n
Nugraha also issued commercial papers bearing the name of his
\nother company, PT Wahyu Tata Wangsa. The papers were endorsed by
\nthree banks.<\/p>\n
He then asked Bank Asta to buy the commercial papers and then
\nsent the money to the three banks from which he withdrew the
\nmoney, said Aritonang.<\/p>\n
Nugraha also collected money by ordering Bank Asta to buy
\nbonds through a security company. All the money used by the bank
\nwas borrowed from other banks.<\/p>\n
Aritonang said all three methods were registered by then
\ntreasurer Ratna but Bank Asta never received either the
\ncommercial deposits, the commercial papers or the bonds.<\/p>\n
He said the police were still investigating executives from
\nother banks who were allegedly involved in the fraud.<\/p>\n
The fraud was uncovered after Bank Asta was taken over by
\nbusinessman Bambang N. Rachmadi three months ago. (jun)<\/p>",
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