40 swindled in mushroom plantation

40 swindled in mushroom plantation

BOGOR: A group of 40 people have lodged a complaint with Bogor
police against executives of agribusiness company PT Sinarkiwi
Mustika Indonesia (SMI) for allegedly swindling investments.

The group, led by Raindy Intan Widjaja, claimed the group lost
a total of Rp 2.3 billion -- more than Rp 50 million each, after
investing in the company's mushroom plantations.

The company's executives have fled and are still at large.

The alleged fraud began when the individuals read an
advertisement boasting that investors would receive a 10 percent
profit on any invested money, payable each month, Antara
reported.

Most of the people received profits in the first and second
month only.

Meetings with the company's executives always ended with
promises to share the profits. -JP