Five more questioned in Panin case

Five more questioned in Panin case

JAKARTA (JP): Five more people have been questioned by police
in connection with the Rp 4.2 billion (US$1.9 million)
embezzlement case at the privately-owned Panin Bank.

National Police Spokesman Brig. Gen. I Ketut Ratta said
yesterday that the five people were not Panin bank employees but
employees of money-changing companies.

"Further investigations have revealed that the suspect, Kho A
Kuan, used the bank's money for foreign exchange speculation,"
Ratta said.

As of yesterday police have questioned fifteen people in
relation to the case, including bank directors and board of
trustees members.

A source at Panin said that Kuan, who has a money-changing
business, was not the only person involved in the embezzlement
and that close to Rp 10 billion had gone missing in the scam.
(01)