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View all search resultsNational scene: AGO arrests loan fraud fugitive
JAKARTA: The Attorney General's Office (AGO) arrested Yudi Kartolo, a suspect in the state-owned Bank Rakyat Indonesia (BRI) loan fraud case
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J
AKARTA: The Attorney General's Office (AGO) arrested Yudi Kartolo, a suspect in the state-owned Bank Rakyat Indonesia (BRI) loan fraud case.
AGO spokesman Setia Untung Ari Muladi said prosecutors arrested Yudi at a house in Bintaro South Tangerang on Friday.
Yudi, a commissioner for PT Delta Makmur Ekspresindo, had been on the run for the last eight years. It is alleged he colluded with BRI officials to falsify deposit accounts belonging to a number of customers, including
Bank Pembangunan Daerah Kalimantan Timur (BPD Kaltim), with total transactions totalling Rp 249 billion (US$25.22 million) between January and September 2003.
A central bank probe in 2003 found that Yudi had collaborated with BRI branch managers in Senen and Tanah Abang and the Surya Kencana branch in Bogor, West Java, to channel loans to his company and another local company PT Panca Prakarsa, backed by fictitious cash collateral deposits. The investigation also found PT Delta Makmur Ekspresindo's director, Hartono Tjahyajaya, was involved in the case.
