Customers demand their gold deposits<\/p>\n
JAKARTA (JP): Hundreds of customers of private gold bullion
\ntrading company PT Pan Bullion Prima have demanded that the
\ncompany return their gold deposits.<\/p>\n
Denny Kailimang said on Wednesday his clients also demanded
\npolice speed up their investigation into the company's executives
\nand finalize the matter.<\/p>\n
\"The customers hope that the police can help them find the
\nbest way to get their deposits back.\"<\/p>\n
Denny accompanied dozens of Pan Bullion customers who went to
\nthe National Police Directorate of Detectives on Wednesday in a
\nbid to have the case clarified and learn the fate of their
\ndeposits.<\/p>\n
Police have closed down the company's three offices in South
\nand Central Jakarta since Jan. 20 and detained its executive
\ndirector, identified only as Jeffri, for allegedly breaching the
\ncompany's business permit.<\/p>\n
Several company cars and computers have been seized as
\nevidence in the case.<\/p>\n
The company has been accused of violating Article 46 of the
\n1992 Banking Law No. 7 by operating like a bank instead of a
\nregular trading company.<\/p>\n
The company is under investigation because it failed to refund
\nat least 441 kilograms of gold bullion deposits belonging to 490
\ncustomers.<\/p>\n
One of the customers, T. Suryanto, said he had no idea about
\nthe company's (alleged) illegal operation when he deposited three
\nkilograms of gold bullion in 1995.<\/p>\n
\"It offered such a promising opportunity. It said that I could
\nearn 4.5 percent of the total value of my deposit every year.\"<\/p>\n
He started to complain when the company refused his
\napplication to withdraw his deposits.<\/p>\n
\"The marketing staff always gave me many reasons why they had
\nstopped me from withdrawing my gold from the company.\"<\/p>\n
The National Police director for economic crime, Col. I Made
\nMangku Pastika, said the company failed to refund its customers'
\ndeposits because it had allegedly used the deposits for futures
\ntrading activities in Singapore and lost. (cst)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/customers-demand-their-gold-deposits-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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