Indonesian Political, Business & Finance News

Three named suspects for tax evasion

| Source: JP

Three named suspects for tax evasion

BATAM: Batam Police have named as suspects three businessmen
accused of tax evasion and selling the rupiah in large amounts to
Singapore, a senior police officer said on Tuesday. The three
businessmen were named suspects on Monday, just two days after
they were questioned by police as witnesses in the case.

Batam Police chief Sr. Comr. Eko Hadi Sutedjo said the three
businessmen were Amat Tantoso, Budiman and Meggi. Amat Tantoso
and Budiman are executives of PT Putra Kundur Mandiri Valasindo,
a holding company of numerous foreign exchange shops in Riau
Islands province, while Meggi is an executive of another foreign
exchange company.

The three men were apprehended by the police amid the plunge
of the rupiah against the U.S. dollar. -- JP

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