Economy & Business

BRI Admits to Rp294 Billion Fraud
04 Desember 2003

TEMPO Interactive, Jakarta:Managing Director of BRI Bank of Rudjito has admitted that there has been a case of fraud involving Rp294 at the bank.


The case, involving BRI employees, was carried out through granting loans using a deposit account as surety as well as a misused bank transfer.


”The fraud related to the loan using the deposit account as surety totals Rp113.5 billion and the misused bank transfer involves Rp180.5 billion,” Rudjito told reporters at the BRI building on Wednesday (3/12).


He added that the fraud took place in early September this year.


However, the BRI responded quickly, carried out a special investigation and confirmed September 20 that fraud had taken place.


“From then on, we gave a temporary order that no loans could be provided by using a deposit account as surety,” Rudjito stated, denying that BRI had covered up the case.


According to him, the BRI has openly informed the potential losses of Rp294 billion to investors and analysts.


In the prospectus, it was stated that BRI had discovered indications of fraud in the standard operational procedures in some transactions within BRI, including bank transfers.


These transactions were carried out at BRI branches in Senen, Tanah Abang and Surya Bogor.

Fitri Oktarini – Tempo News Room