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Unlicensed real estate agent closed down

Discussion in 'Bali News - Indonesia News' started by balinews, Jan 16, 2018.

  1. balinews

    balinews Member

    Feb 14, 2010
    Likes Received:
    The State News Agency Antara reports that officials from theMinistry 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.
  2. davita

    davita Well-Known Member

    Mar 13, 2012
    Likes Received:
    Something fishy here...the owner of the company said he's been waiting 2 years to get the operating licence but the Minister says they've 'observed' him for 6 months. If the guy was not getting the licence in a reasonable time-frame to be legitimate, and he hadn't started building yet, why would there be State losses?

    If there has been criminal activity, such as fraud, surely that is a matter for the police and the perpetrator should be in detention awaiting a charge/trial.

    I'm guessing someone in the permit/ministry office didn't get the assumed bribe....and that's why the 'state' had losses.

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