What Is A Fictitious Credit? The Following Is An Explanation Along With Examples Of Cases In Indonesia

YOGYAKARTA - There were state bank officials in Jakarta who were arrested by the police for disbursing fictitious loans. What is fictitious credit?

Investigate that in this fictitious credit case, the suspect launched a debtor's credit without a procedure, causing the bank to lose billions of rupiah.

"In this case, he took advantage of his authority to make some credit. His credit was allegedly fictitious, he accommodated the debtor, as we handle one of which was Mrs. SH," explained Head of Sub-Directorate of Harda Ditreskrimum Polda Metro Jaya Kompol Gafur Aditya Siregar to the media, Friday (11/8/2017).

Now back again, what is fictitious credit?

Ffictitious credits are credit balances in securities margin accounts. Ffictitious credits exist after the proceeds from short sales are taken into account with respect to margin requirements.

It also refers to a guarantee on a promes letter, made without the authority of the maker or any lender, of credit for payments that are not made. Such recognition is sometimes made by payment recipients or payment recipients with the aim of fulfilling the restriction law.

Bank Efforts in Completing Fictitious Credit

Credit can be said to be fictitious if it meets the criteria, among others, bank employees give a sum of money to prospective customers on condition that prospective customers only come to sign a document without knowing what the document will be used for.

The data provided is not data on prospective debtors who are facing, but rather data belonging to other people who are used to apply for credit.

Agunan was guaranteed not to be proportional to the credit submitted so that manipulation was carried out so that the credit submitted looked feasible and in accordance with the collateral submitted; and used false data or documents that resembled the original.

Legal efforts that can be taken by parties in completing fictitious credits are through litigation and non-ligation channels.

Waziruddin case

The North Sumatra High Prosecutor's Office (Kejati) arrested the former Head of Bank Syariah Mandiri (BSM) Branch Jalan Gajah Mada Medan, Waziruddin, Pekan (30/1). Waziruddin is a fugitive for fictitious credit corruption of Rp27 billion proposed by the Pertamina UPMS-I Medan Cooperative in 2011.

Head of the North Sumatra High Prosecutor's Office, IBN Wiswantanu, through Asintel Dwi Setyo Budi Utomo, accompanied by the Head of Penkum Yos Arnold Tarigan, told that the suspect Waziruddin was arrested at his rented house at Perum Merkuri Selatan XVII, Manjahlega Village, Rancasari District, Bandung, West Java.

"When we secured it, the suspect did not fight back. Instead, the heads of RT and the heads of RW as well as community leaders helped us in securing the suspect. We immediately took the suspect to Husain Sastranegara Airport to the North Sumatra Prosecutor's Office," he said.

In this case, from the approved loan of IDR 27 billion, according to a public accounting firm's calculation, it was found that state financial losses were IDR 24,804,178,121.

The suspect Waziruddin was charged with Article 2 and Article 3 in conjunction with Article 18 of Law No. 31 of 1999 concerning the Eradication of Criminal Acts of Corruption as amended by Law No. 20 of 2001 in conjunction with Article 55 paragraph (1) of the 1st Criminal Code.

Fictitious Credit Pair Case worth IDR 60.2 billion

The Tanjung Perak Surabaya District Attorney (Kejari) sent a husband and wife couple with the initials DC and RK into custody after being named a suspect in the alleged fictitious credit case of PT Pembangunan Jawa Timur Tbk or Bank Jatim worth Rp60.2 billion.

RK is the President Director of PT Hazzel Karya Makmur (HKM), and DC her husband as the project implementer. Before being put in custody, both of them underwent two hours of examination on the second floor of the Tanjung Perak Kejari.

After the examination, at around 12.00 WIB they were escorted out to the Class I Detention Center in Surabaya, the East Java Prosecutor's Office, wearing prison vests.

According to Kasna, the Supreme Audit Agency (BPK) has carried out an audit and revealed that there was a state loss of Rp. 60.2 billion.

In the property business managed by this husband and wife, his party also found three victims who had paid Rp9 billion in payment to buy three warehouse units whose evidence had never been built.

In this case, the two suspects were charged with Article 2 paragraph (1) in conjunction with Article 18 paragraph (1) letter b of Law Number 31 of 1999 in conjunction with Law Number 20 of 2001 concerning Eradication of Criminal Acts of Corruption in conjunction with Article 55 paragraph (1) of the 1st Criminal Code. The two suspects were also charged with Article 3 paragraph (1) in conjunction with Article 18 paragraph (1) letter b of Law Number 31 of 1999 in conjunction with Law Number 20 of 2001 concerning Eradication of Criminal Acts of Corruption in conjunction with Article 55 paragraph (1) of the 1st Criminal Code.

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