Trader charged with fraud<\/p>\n
JAKARTA (JP): A prosecutor demanded a four-year sentence for a
\nbusinessman accused of swindling his partners of Rp 1.9 billion.<\/p>\n
Prosecutor Abdul Halim Tola told the Central Jakarta District
\nCourt yesterday that the defendant, Ignatius Budianto, had first
\nasked three friends to apply for a bank loan to set up a
\nfinancing company.<\/p>\n
But he used the loan to pay off his debts, Tola said.<\/p>\n
Tola said the defendant insisted his partners contribute some
\nmoney to the company and sign a loan application for Rp 1.25
\nbillion from private Bank Dagang Negara. The three company
\nowners' signatures were required on the application.<\/p>\n
\"It turned out the defendant used Rp 1 billion without his
\npartners knowledge to pay another company's debt in his name at
\nBank Perkembangan Asia,\" Tola said.<\/p>\n
The prosecutor said the defendant only told his three partners
\nabout the debt after the new company, PT Cahaya Elusa Prima
\nJakarta, was open for business.<\/p>\n
The defendant then coaxed his partners to join him in asking
\nfor another loan at the same bank, which he used to pay another
\ndebt. His partners reported Ignatius to the police when the bank
\nseized the company's office because debts were overdue.<\/p>\n
The trial was adjourned until next week. (12)<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/trader-charged-with-fraud-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }