Gold Investment Mode Fraud In Central Jakarta Revealed, Hundreds Of Millions Loss Victims

Suspect in case of fraud in the mode of gold investment/ Photo:ANTARA

JAKARTA - A woman with the initials M (37) was arrested by the Central Jakarta Metro Police on suspicion of fraud with the mode of gold investment, causing the victim's loss to reach more than Rp110 million.

The arrests were made after two victims, each with the initials WN and MRM, reported the suspect's actions to the Johar Baru Police.

"We managed to secure the perpetrators after receiving reports from two victims who were harmed by the investment fraud mode," said Head of Criminal Investigation Unit of the Johar Baru Police, AKP Mohamad Rasid, in Jakarta, Wednesday (21/5).

The suspect was arrested at his rented house on Jalan Tanah Tinggi XII RT 005 RW 008, Tanah Tinggi Village, Johar Baru District, Central Jakarta, on Friday (9/5).

AKP Rasid explained that the mode used by the suspect to each victim was different. To the victim, the suspect has been offering a gold investment scheme with a multi-level marketing (MLM) system since mid-2023.

"The victim initially invested Rp. 10 million with a promise of a profit of Rp. 500 thousand per month. Because he was tempted, the victim continued to increase investment to a total of Rp. 70 million," he explained.

Meanwhile, to the MRM victim, the suspect offered a profit from the wholesale cooking oil and flour sales business. The suspect promised a profit of IDR 19,000 per carton by asking for an initial capital of IDR 40 million.

However, after eight months had passed, the MRM victim did not receive any results and began to suspect that he had become a victim of fraud.

After receiving the money, the suspect never gave the profit as promised. When billed, the perpetrator argued that the money had been used, even had time to declare himself going into the forest, "added AKP Rasid.

From the results of the search, the police confiscated two notebooks containing receipts of gold investment deposits and agreement letters related to the alleged fraud.

Now suspect M has been detained and charged with Articles 372 and 378 of the Criminal Code concerning criminal acts of embezzlement and fraud, with a maximum penalty of four years in prison.

"This case is still under further investigation. We suspect there are other victims who have also been deceived by similar modes," he concluded.