Twelve Cooperatives Involved in Money Laundering Worth Rp 500 Trillion
The PPATK found indications that 12 savings and loan cooperatives were allegedly involved in money laundering worth Rp 500 trillion (US$32.89 billion). The House has asked law enforcers to seriously investigate the case
The victims of the Indosurya Savings and Loans Cooperative default case show posters during a press conference, in Jakarta, Sunday (18/12/2022). They demanded that the panel of judges decide that the defendant's confiscated assets be returned to them.
JAKARTA, KOMPAS — The Financial Transaction Reports and Analysis Center (PPATK) has found allegations of money laundering in 12 savings and loan cooperatives with a total value of Rp 500 trillion (US$32.89 billion). The findings have been reported to law enforcement officials for further investigation.
In one case related to savings and loan cooperative KSP Indosurya, the PPATK also found that there was a flow of funds abroad.