'kansas' Fake Deposits

A network conspiring with Bank BTN employees took hundreds of billions of rupiah belonging to Bank BTN customers. The perpetrators took advantage of the victims' negligence.

March 21, 2017

MEETINGS at the Financial Services Authority (OJK) office over the last two months came to a decision that puts Bank Tabungan Negara (BTN) at a disadvantage. In early February, the OJK decided that government-owned banks must deposit provision funds (reserves) of Rp298 billion in on-call deposits.

The decision came amid the Metro Jakarta Police investigation into the theft of Rp275 billion from four BTN corporate customers: Asuransi Jiwa Mega In

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