BNI funds traced to overseas accounts

BNI funds traced to overseas accounts

JAKARTA: The police are investigating the legality of a US$12
million worth of funds stashed in banks abroad and whether or not
they are part of Rp 1.7 trillion ($186.81 million) embezzled from
Bank Negara Indonesia (BNI) in a lending scam last year.

"We're working with PPATK to check if the funds are legal or
illegal. We suspect the money related to that which was taken
from BNI," National Police Chief of Detective Comr. Gen. Suyitno
Landung Sudjono told reporters on Friday.

Under Law No. 25/2003 against money laundering, the Financial
Transaction and Report Analysis Center (PPATK) is a government-
sanctioned agency tasked with collecting, recording and analyzing
all suspicious transactions reported by financial service
providers.

PPATK will report the findings to the police or the Attorney
General's Office for further follow up. --JP