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Banking Criminals Have Infiltrated Cooperatives

Monday, February 13, 2023

Minister of Cooperatives and Small and Medium Enterprises Teten Masduki on Indosurya Saving and Loan Cooperative and the loopholes in the Cooperative Law.

arsip tempo : 170211412243.

Cooperatives and Small and Medium Enterprises Minister Teten Masduki poses in front of a photo of Mohammad Hatta who is hailed as Indonesian cooperatives pioneer, at his office in Jakarta, February 1. Tempo/Tony Hartawan . tempo : 170211412243.

THE West Jakarta District Court acquitted Henry Surya, the owner and founder of Indosurya Saving and Loan Cooperative (KSP) of all charges on January 24 in a fraud case. Prosecutors charged Henry for defrauding and embezzling cooperative fund amounting to Rp106 trillion. However, the judge ruled that the cooperative fund matters were governed by the civil, not criminal, law.

The government was bitterly disappointed by the verdict. In a press con


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