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Politician close to military behind suspicious $1.4b transfer: Report
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Director General of Taxation Ken Dwijugiaseteadi (Courtesy of/setkab.go.id)
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politician who is close to the military is reportedly behind the suspicious transfer of US$1.4 billion, which is being investigated by regulators in Europe and Asia.
Tribunnews.com reported that the activity of the politician, who was identified as frequently appearing before the public, was reported by Standard Chartered to the authorities after he conducted unusually frequent transfers in late 2015.
Director General of Taxation Ken Dwijugiastradi said his office had identified the name of the politician, but declined to disclose it.
Bloomberg first reported that regulators in Europe and Asia were investigating Standard Chartered over the role that staff may have played in transferring $1.4 billion of private client assets from Guernsey to Singapore before new tax transparency rules were introduced in 2015.
“They (regulators in Europe and Asia) have reported it to us,” Ken said.
Similarly, Financial Transaction Reports and Analysis Center (PPATK) deputy chairman Dian Ediana Rae said that her institution had monitored the suspicious transfer by an Indonesian from Standard Chartered several months ago.
“The result had been reported to the Directorate General of Taxation because we suspect that it was a case of tax fraud,” Dian said, adding that the tax office will decide whether a crime was committed in the activities. (bbn)
