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Fraud

Double Trouble

Tuesday, February 26, 2002

The decision of the public prosecutor's office to drop further investigation into the case of a double share issue has blighted the reputation of the Indonesian boursenot to mention the country's illegal system.

arsip tempo : 173510862947.

. tempo : 173510862947.

The strange case of a double share issue by a Jakarta insurance company has—even more strangely—closed with both lots being declared genuine. On Tuesday two weeks ago, the Jakarta High Prosecutor's Office dropped further investigation into the case. Barman, head of the legal information at the Attorney General's Office (AGO), explained that all five suspects in the case, two of them Canadian, were absolved of any wrongdoing.

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