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Jakarta Post

Police arrest three for 'swindling hundreds' in property scam

  • News Desk

    The Jakarta Post

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Jakarta   /   Sun, August 25, 2019   /  05:27 pm
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The Jakarta Police have arrested three relatives who allegedly defrauded at least 455 people of around Rp 30 billion (US$2.1 million) through the fictitious PT MMS (Megakarya) property developer. The elaborate scheme promoted the Ciputat Resort Apartment does not physically exist.(Shutterstock/File)

Officers of the Jakarta Police's general crimes unit have arrested three members of a family that ran a property scam that allegedly swindled Rp 30 billion (US$2.1 million) from at least 455 people. The police arrested the three individuals on July 7 in South Tangerang, Banten. Identified only as AS, KR and PJ, the three have been charged with violating articles 378 and 372 of the Criminal Code on embezzlement and fraud, which carry a maximum punishment of four years in prison.  Jakarta Police chief Insp. Gen. Gatot Eddy Pramono said that the suspects were believed to have swindled at least 455 people, of whom "only 26 had reported the crime" to the police, he said on Thursday at a press conference, according to a kompas.com report. Gatot said the scam started in 2016, wh...