The State News Agency Antara reports that officials from the
Ministry of Trade are closing an illegal property business located in the Petitenget area of Badung Regency in Bali.
The Director of Business and Commercial Regulation from the Ministry, Veri Anggrijono, said on Wednesday, January 10, 2018, “The closure of this business was done after observing its brokerage activities for the past six months and determining the owner could not produce a an operating license (SIUP-P4).”
The company remains unnamed in the news report has had its entrance sealed by police while officials try to calculate the amount and extent of losses incurred by the State.
The company was selling villas to foreign nationals when, in fact, no construction of the subject villa had commenced. Foreigners caught in the dishonest scheme were becoming increasingly worried about their investment and there the money has gone.
http://www.balidiscovery.com/messages/message.asp?Id=18144
