Bantul Scrap Boss Swindled by Own Employee, Two Vehicles Lost
A 48-year-old man from Bantul has been arrested for allegedly embezzling two vehicles belonging to his employer. Police revealed the suspect, identified as N, deceived his boss with a false promise of capital injection from an investor.
According to Bantul Police Public Relations Head, Iptu Rita Hidayanto, the incident began when the suspect visited the rented house of the victim, SH (52), in Timbulharjo, Sewon, Bantul, on Thursday, 26 March, at 09.30 WIB. N offered his boss a business cooperation scheme that required additional capital.
The suspect convinced the victim that a colleague was ready to inject Rp 80 million in capital to help the business. As compensation, the victim was required to provide a monthly profit of Rp 2.5 million to the investor. Since the victim already knew the suspect and was in need of capital, he was enticed by the offer.
The suspect then claimed that the investor requested collateral for the capital injection. Consequently, the victim handed over two vehicles along with their registration documents as security. The vehicles were a Honda CRV and a pickup truck. N and an accomplice then took the two vehicles, claiming they were processing the capital disbursement for the victim’s scrap trading business.
However, N never returned to the victim’s rented house, and the promised Rp 80 million was never transferred. The suspect’s phone number also suddenly became unreachable. Realising he had been deceived by his own employee, SH reported the incident to the Bantul Police, citing losses of approximately Rp 100 million.
Following an investigation, police apprehended the suspect on Saturday, 27 June. Officers also seized a Honda CRV that the suspect had sold. The pickup truck is still being sought by the police. It was determined that the two vehicles were not used as collateral but were instead sold by the suspect, who admitted to using the proceeds for personal gain. The suspect has been charged under Article 492 and/or Article 486 of the Criminal Code concerning fraud or embezzlement.