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OJK investigates alleged sale of fake government bonds
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Financial Services Authority (OJK) commissioner for capital market supervision Nurhaida has announced an investigation into an alleged fake issuance of government bonds by ex-Reliance Securities broker E. P. Larasati. (Antara/Widodo S. Jusuf)
T
he Financial Services Authority (OJK) has finished questioning witnesses on the alleged sale of fake government bonds by a former securities broker and has decided to launch a further investigation into the case.
Two brokerage firms, Reliance Securities and Magnus Capital, were dragged into the investigation as ex-Reliance Securities broker E. P. Larasati allegedly tricked her victims by posing as a Reliance Securities sales agent and using Magnus Capital’s bank account for money transfer.
"We are done with questioning the relevant parties about their involvement in the case; now we enter the investigation phase," OJK commissioner for capital market supervision Nurhaida told thejakartapost.com in Jakarta on Tuesday.
She added the OJK was also investigating the 'Danareksa Privilege' case, in which the same suspect allegedly created a fictitious investment pool under the brand of state-owned brokerage firm Danareksa.
In that case, Larasati allegedly offered the same bond – Government Bond FR0035 –, but no losses have been reported so far in that case. "We are processing the 'Danareksa Privilege' case, too. However, we are treating it as a separate case," Nurhaida said.
Larasati as the main suspect in the fraud investigation disappeared before Reliance Securities and Magnus Capital reported her to the police. Victims have suffered combined losses estimated at Rp 150 billion (US$ 11.31 million) in that case. (ags)
