Indonesian Political, Business & Finance News

Man on trial for fraud

| Source: JP

Man on trial for fraud

JAKARTA (JP): A man, who claimed he was a business partner of
a wealthy Brunei Darussalam businessman, was charged with fraud
at Central Jakarta District Court yesterday.

Businessman Iwan Hendra, 42, a resident of Petojo Barat,
Central Jakarta, was accused of violating Article 378 of the
Criminal Code for fraud, which carries a maximum four years'
imprisonment.

Prosecutor Petrus Sambara told the court that the defendant
conned Tamsjadi in 1993 to join a company, which was said to
belong to Muhammad Bin Bolkiah.

"The defendant told Tamsjadi that he needed a partner to
develop a tourist site in Muara Gembong and that Bolkiah had
given him Rp 1.75 trillion (US$7,000,000)," Sambara said.

"Tamsjadi gave Iwan Rp 1.24 billion (US$484,373), but the
project didn't materialize and the money disappeared," he said.
(04/12)

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