Marimutu named suspect in loan scam<\/p>\n
Eva C. Komandjaja, The Jakarta Post, Jakarta<\/p>\n
Businessman Marimutu Sinivasan has been declared a suspect by the
\nNational Police in an alleged fraud case involving a bad loan of
\nRp 20 billion (US$2.1 million) from Bank Muamalat.<\/p>\n
However, the co-founder of PT Texmaco failed to appear for
\nquestioning on Wednesday at National Police Headquarters, with
\nhis lawyer claiming that he was ill.<\/p>\n
\"Marimutu was scheduled to be questioned as a suspect in the
\nfraud case but since he did not show up today, his investigation
\nwill be rescheduled for next week,\" National Police Spokesman Sr.
\nComr. Saud Usman Nasution said.<\/p>\n
He said that Marimutu, as president director of PT MultiKarsa
\nUtama, had applied for a Rp 50 billion loan from now-merged Bank
\nDuta in May 1997.<\/p>\n
Since Bank Duta could only lend Rp 30 billion, it later asked
\nBank Muamalat to cover the rest of the loan.<\/p>\n
\"Bank Duta was later taken over by the Indonesian Bank
\nRestructuring Agency (IBRA) and so was the loan, but it was a
\ndifferent case at Bank Muamalat since it did not get its Rp 20
\nbillion back,\" Saud said.<\/p>\n
He said the probe into the alleged graft followed a report
\nlast July by representatives from the Bank Muamalat board of
\ndirectors to the National Police.<\/p>\n
\"Police investigators have questioned six witnesses from Bank
\nDuta and Bank Muamalat, but we only have one suspect so far,\"
\nSaud said.<\/p>\n
However, he could not elaborate further on the case as to
\nwhether the loan was used to finance one of Marimutu's companies
\nor the debtor used the money for himself.<\/p>\n
Bank Duta was one of eight private banks that merged with Bank
\nDanamon as a part of the government-sponsored bank
\nrecapitalization program in 2000.<\/p>\n
Its former president director Dicky Iskandardinata was also
\ndeclared a suspect by the police in another graft case involving
\nRp 1.7 trillion in non-performing loan from state-owned Bank
\nNegara Indonesia (BNI), in which businessman Adrian Waworuntu had
\nbeen sentenced to life imprisonment.<\/p>\n
Bank Muamalat is an Islamic bank which received an award last
\nyear as one of the best banks operating sharia banking in
\nIndonesia.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/marimutu-named-suspect-in-loan-scam-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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