balinews

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Feb 14, 2010
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The Jakarta Police arrested recently a commissioner of PT Royal Premier Internasional, a Jakarta-based property marketing company, for allegedly embezzling the funds of thousands of prospective buyers and committing money laundering.

The investigators noted that as many as 1,157 buyers, who dreamed of owning properties at 12 complexes located in Jakarta, Bandung in West Java, Yogyakarta, Tangerang in Banten and Bali, were deceived by the company with losses totaling more than Rp 800 billion (US$60.50 million).

The Jakarta Police’s fiscal, monetary and foreign currency crime subdirectorate head, Adj. Sr. Comr. Arie Ardian, said on Tuesday that his team nabbed the commissioner, identified as CAL, on April 10 at a hotel in Mega Kuningan, South Jakarta, when he was closing a deal with a customer.

The company’s director, identified as IB, is still at large and currently reported to be in Seoul, South Korea.

“We have put him on our most-wanted list [DPO] and issued a red notice,” he said.

He said the case first emerged when a number of victims filed 10 police reports from Sept. 7, 2014 to April 28, 2015.

The company, according to the police, ran its business by buying condotels from developers on a staged-payment basis and secured them in sale and purchase agreements.

Claiming that it owned the properties, the company promoted and sold them to prospective buyers, luring them with various gifts if they made a one-off payment. In gaining prospective buyers’ trust, PT Royal Premier Internasional, through its sister company, entered into a franchise cooperation with a prominent property agent, Century 21.


Property firm deceives thousands of buyers | The Jakarta Post
 

davita

Well-Known Member
Mar 13, 2012
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Given that this company is a franchisee of Century 21 property marketing, which is based in Jersey, USA....I'll bet the view is the money was stolen by these crooked Bules...:icon_evil:
 
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