JAKARTA. The National Police, after having named an executive of rice processing company PT Indo Beras Unggul (IBU) a fraud suspect, will expand its investigation into the firm on suspicions it was involved in money laundering practices, a spokesman said on Wednesday. “We will follow up the investigation to probe into [alleged] money laundering practices,” said National Police spokesman Sr. Comr. Martinus Sitompul. Martinus cited the company's production and packaging practices as well as several alleged consumer rights violations as the basis to expand the investigation.
Police to investigate money laundering in PT IBU
JAKARTA. The National Police, after having named an executive of rice processing company PT Indo Beras Unggul (IBU) a fraud suspect, will expand its investigation into the firm on suspicions it was involved in money laundering practices, a spokesman said on Wednesday. “We will follow up the investigation to probe into [alleged] money laundering practices,” said National Police spokesman Sr. Comr. Martinus Sitompul. Martinus cited the company's production and packaging practices as well as several alleged consumer rights violations as the basis to expand the investigation.