Fund manager named suspect

Sat, 09/27/2008 11:59 AM | The Archipelago

BANDUNG: Cimahi City Police named CV. De Sam San manager Dewi Nuri Bintarti as a suspect on Friday in a graft case worth Rp 4 billion (US$425.5 million) after four days of investigations.

Dewi, 41, allegedly embezzled money belonging to about 4,000 customers who had joined the Idul Fitri savings fund her company managed.

Cimahi City Police chief, Adj. Sr. Comr. Eko Budi Sampurna said the police had collected evidence that further confirmed the truth of the allegations.

Eko said Dewi could be charged with violating Article 46 (1) of the 1998 Law on banking practices that carries a maximum penalty of 15 years in prison and fines of up to Rp 10 billion.

Dewi could also be charged with Article 372 and 378 of the Criminal Code on fraud, which carry a maximum sentence of seven years in prison.

Police have seized Dewi's account -- worth Rp 7.8 million, Eko said. -- JP

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