National Police Investigating Alleged Fraud In Hong Kong, Switzerland, Indonesia
Sep 17, 2016
The Indonesian National Police’s Criminal Investigation Department (Bareskrim) is set to investigate into alleged investment fraud involving Indonesian businessman Harun Abidin and investment company Cedrus Investment Ltd in Hong Kong. Mutual legal assistance requests have been filed in Hong Kong and Switzerland.
Jakarta, Indonesia - September 17, 2016 /MarketersMedia/ —
The Indonesian National Police’s Criminal Investigation Department (Bareskrim) is set to trace evidence in Hong Kong and Switzerland in an investigation into alleged investment fraud involving Indonesian businessman Harun Abidin and investment company Cedrus Investment Ltd.
The investigation was prompted by Harun’s recent report against Hong Kong-based Cedrus Investment Ltd. and its owner, Swiss citizen Rani Jarkas, to Bareskrim for alleged investment fraud in May.
“We have filed mutual legal assistance (MLA) requests to both countries,” National Police spokesman Inspector General Boy Rafli Amar told The Jakarta Post, Indonesia’s most trusted English newspaper, in a recent interview.
Source: http://www.hongkongherald.com/index.php/nav/newsr/7418
In the MLA request letters sent at the end of July, the police asked the Swiss and Hong Kong governments to provide information on Rani Jarkas’ identity and legal files on Cedrus Investment Ltd.
Apart from Hong Kong, Cedrus Investment Ltd. has branch offices in the Cayman Island and China.
The lawyer of Cedrus Investment Ltd has refuted a police report filed by businessman Harun Abidin who claims to have suffered financial losses over alleged investment fraud committed by the company. The lawyer explained that Harun Abidin is as debtor of Cedrus Investment Ltd.
In response to uncertain insinuations towards his person, Harun Abidin, as an investor at Cedrus Investment Ltd with a share stake of over $22 million and cash in multiple currencies, answers questions regarding the alleged debt to Cedrus with his lawyer Hendra Kusuma Jaya.
The relationship between Harun Abidin and Cedrus Investment is not that of a debtor and a creditor. Rani Jarkas, a chairman of Cedrus Investment, once again emphasized Cedrus role as an advisor, “They are paid as financial advisors, we gave them the money, which amounts to 350.000 USD, to manage Harun Abidin’s stocks.” Hendra Kusuma Jaya explained.
In addition, many Indonesian investors including Mr. Harun Abidin had planted their money on foreign investment firms, whose climate is very hard to follow. “Not merely to invite investors, tax amnesty is being done by the government to allow capital inflow. The Republic Indonesia Police have to realize this issue.” Said Heri Gunawan, a member of DPR Komisi XI.
Source: http://www.hongkongherald.com/index.php/nav/newsr/7520
For more information, please visit http://www.hongkongherald.com
Contact Info:
Name: Axel Parker
Organization: Hongkong Herald
Release ID: 132926