From the Owners to the Investigators

THE owners and directors of the Gramarindo Group companies, which embezzled Rp1.7 trillion from BNI, are behind bars. The investigating police officers were also arrested. Here is the list:

October 17, 2006

BNI Kebayoran Baru Branch

Koesadiyuwono Former Head of BNI Kebayoran Baru. Sentenced to 16 years in prison.Found guilty of authorizing export credit funds for three entrepreneurs from Gramarindo Group with fictitious L/Cs from banks in Congo and Kenya as collateral.

Edy Santoso Former Head of Foreign Customer Service.Sentenced to life in prison and fined Rp300 million or 3 months imprisonment.Found guilty of authorizing export credit funds for three

...

More Articles