Lippo denies fraud role

JAKARTA: Lippo Bank said on Friday that it was not involved in the latest banking crime concerning the distribution of Rp 50 billion (US$5.5 million) in fake promissory notes.

Lippo Bank president Joseph Luhukay said in a press release that it had never issued the notes and that the money derived from the crime had not been parked in any account at the bank.

He was quoted as saying by detik.com that the funds were deposited in the account of Anastasia at another bank.

Anastasia, former branch manager of Lippo Bank in Kebumen, Central Java, is among the suspects detained by the police.

The bank also said that restaurant owner Herry Robert, another suspect in the case, was not a debtor of Lippo Bank.

The police has accused the two suspects of distributing fake Lippo Bank promissory notes. -- JP