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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Police close cooperative over fraud

  • Luh De Suryani

    The Jakarta Post

Denpasar | Mon, February 23 2009 | 02:25 pm

PREMIUM The Bali police have closed down a Karangasem-based cooperative for allegedly operating a Ponzi scheme. The Develop Karangasem Cooperative (KKM), located in the regency capital of Amlapura, caught the police's attention after it managed to multiply its capital in a relatively short-time. The business opened in 2006. The police confiscated the KKM's assets on Friday in an operation involv...