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Jakarta Post

Money laundering probe starts at Citibank

  • Hans David Tampubolon

    The Jakarta Post

Jakarta   /   Tue, April 19 2011   /  08:00 am

Meet the press: Witness and Victims Protection Agency (LPSK) head Abdul Haris Semendawai (right) speaks at a press conference in Jakarta on Monday, while Yunus Husein (left), head of the Financial Transaction Reports and Analysis Centre (PPATK), looks on. The LPSK, PPATK and the National Police signed a memorandum of understanding on Monday regarding investigations of fi nancial crimes.JP/R. Berto WedhatamaOfficials launched a money laundering investigation at Citibank on Monday, amid allegations that several public officials had accounts with implausibly large balances at the bank.

The investigation would also follow the trail of funds related to the alleged embezzlement perpetrated by Inong Malinda, a high-value client manager at Citibank, Financial Transaction Reports and Analysis Centre (PPATK) chairman Yunus Husein said late on Friday.

“The watchdog wants to verify...