Sat, 17 Jul 2004

Police detain two suspects in BII scam

JAKARTA: Police said on Friday they had arrested two suspects for their alleged roles in a Rp 31 billion bank scam involving the pension fund of fertilizer firm PT Pupuk Sriwijaya and Bank International Indonesia (BII).

The detained suspects are the head of the BII Juanda sub- branch in Central Jakarta, Wahyu Hartanto, and politician Tonny Marthawinata.

The two are being interrogated at the National Police Headquarters. The number of suspects is expected to rise to more than 10, said Brig. Gen. Samuel Ismoko, director of the police fraud squad.

"We will question another 10 people to establish their roles in the case," he said

The scandal was revealed after BII rejected a request from three senior officials in the foundation that manages the pension fund to cash in two fake redemption certificates worth a total of Rp 31 billion. --JP