JAKARTA. Police has named the founder of Dream for Freedom (D4F) Fili Muttaqien as suspect on the case of ponzi schemes operated by the financial institution. Director of Special Economic Crimes at Indonesian National Police Agung Setya has confirm the arrest of Fili Muttaqien on Friday (21/10).

“Police has arrested Police on Wednesday (19/10)”, said Chief of Investment Alert Taskforce Unit Tongam Lumban Tobing on Friday (21/10).

Fili allegedly violated Law No 7/2004 on Trade. Fili will be charged by the article 105 of criminal law for ponzi schemes operated by D4F.

As an information, the Law No 7/2004 was released to deal with cases related to ponzi schemes. The law was firstly applied on the case of Watermind ponzi scheme in Papua in January 2016.

The Investment Alert Taskforce Unit estimated that D4F has succeeded to collect IDR4.5 trillion of funds from 700,000 customers. The number had been growing rapidly and became more worrying.

The arrest of Fili is another major blow for D4F. Previously, West Java One Stop Service Office (PTSP) revoked trade license Promo Indonesia Mandiri, which is the parental institution of D4F.

D4F through its lawyer JoAn&Partners; ask for clarification from West Jakarta PTSP about the revocation. D4F even filed lawsuits against West Jakarta PTSP and Investment Alert Taskforce Unit to the Central Jakarta Commerce Court.

Until the news is revealed, KONTAN was still unable to reach lawyer from JoAn&Partners; Andry Oktavianes by phone, short message, and e-mail.

(Muhammad Farid/Translator)

Editor: Dupla Kartini