Cleaning Fraudulent Cooperative

Greed results in many instances of fraud under the guise of cooperatives. Indosurya KSP took advantage of the lack of a supervisory agency.

Tempo

February 13, 2023

THE embezzlement of funds belonging to the Indosurya Saving and Loan Cooperative (KSP) adds to the long list of fraud in the guise of “mutual cooperation based on the principle of kinship.” The nation must prevent people from falling victim to groups of crooks who take advantage of legal loopholes and poor supervision.

In the West Jakarta District Court, the prosecutor charged the owner of Indosurya KSP, Henry Surya, with violating t

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