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238 firms suspected of offering dubious investments: OJK
The Financial Services Authority (OJK) on Friday said that 238 companies had been suspected of offering dubious investments since the beginning of 2014
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he Financial Services Authority (OJK) on Friday said that 238 companies hadbeen suspected of offering dubious investments since the beginning of 2014.
"This year, 238 companies that arenot under the OJK's jurisdiction offered investment products," chairman ofthe OJK's board of commissioners, Muliaman D. Hadad, said in Jakarta onFriday as quoted by Antara news agency on Friday.
Speaking on the sidelines of the signing of a Memorandum of Understanding (MoU)with the State Intelligent Agency (BIN), Muliaman said that the firms had beenpromoting the products to the public through a multilevel marketing system.
"They are offering products such as gold and futures trading," hesaid.
In addition to that, the companies were hiring society and religious figures to attract future clients.
He said that the OJK's Investment Alert Team, which consisted of a number ofstate institutions, was currently investigating the suspected firms. (nfo)
