Indonesian Political, Business & Finance News

Duck billionaire named suspect

| Source: JP

Duck billionaire named suspect

CIREBON, West Java: Ade Suhidin, the owner of a duck husbandry
firm PT Adess Sumber Hidup Dinamika, was named a suspect on
Tuesday for alleged embezzlement and is wanted by the Cirebon
police.

Adj. Comr. Taufik Asrori, the chief of police detectives said
that Ade, who earlier this year was a gubernatorial candidate for
West Java, was named a suspect after he was charged with
embezzling Rp 2 billion belonging to 120 investors.

The case began in February this year, when Ade started to
promote his firm to prospective investors. He offered the
investors good investment returns if they were willing to invest
in his company.

He provided evidence to the investors that he had several
thousands ducks housed in several animal husbandry farms in three
separate subdistricts in Cirebon.

Attracted by his presentation, dozens of investors were
willing to invest in the company in February, ranging from
millions to tens of millions of rupiah.

The investors began to ask for dividends after the company was
operational for several months, but Ade never met the request. He
was then reported to the police by the investors in November,
when the police immediately issued a summons letter to question
him.

He never turned up and has gone missing since then. The police
who investigated the duck farms found that the sites were empty
or that most of the ducks had died, apparently from neglect. --
JP

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