Illegal banker detained in Makassar

Illegal banker detained in Makassar

MAKASSAR, South Sulawesi: Police in South Sulawesi have
detained a cooperatives head suspected of operating an "illegal
bank", causing Rp 3 billion losses to his 2,000 customers.

H. Bustan, head of the Serba Usaha Milik Bersama Cooperatives,
was arrested on Monday night on charges of fraud and embezzlement
of the money.

Around five months ago, hundreds of Bustam's customers stormed
the cooperatives office on Jalan Ahmad Yani to demand their
deposits be returned back.

Bustam had told the protesters he would return their money,
but he has since paid back the customers some of their deposits.

The "illegal bank" was under tight security on Tuesday by
Mobile Brigade police to prevent a possible attack by
dissatisfied customers. --Antara