Tempted By Profits Up To 240 Percent, Potential Loss Of Victims Of Net89 Trading Robot Case Is IDR 2.7 Trillion

ILLUSTRATION DOC. VOI

JAKARTA - Investigators from the Directorate of Special Economic Crimes (Dittipideksus) of the Indonesian National Police have named eight suspects in the alleged investment fraud case using trading tools by Net89 robots (robot trading) PT Simbiotic Multitalenta Indonesia (SMI).

"Based on the implementation of the inaugural title which was carried out on Tuesday, October 4, 2022, it was decided that eight of the reported statuses were raised as suspects," said Head of the Public Information Bureau (Karopenmas) of the National Police's Public Relations Division, Brigadier General Ahmad Ramadhan, Thursday, October 6.

The eight suspects are senior officials from PT SMI Net89, namely AA as the founder or owner of Net89 or PTSMI, LSH as director, ES as member and operator (exchanger), LS as sub "exchanger", AL as sub "exchanger".

Then, HS, FI, and D each as a sub "exchanger".

Ramadhan explained that in this case there were four police reports during the period from January 3 to August 1.

PT SMI or Net89 offers and markets a "trading" investment package with a pyramid or Ponzi scheme and invests in "trading" forex robots by inviting prospective members (members) to buy a "trading" robot investment package under the guise of an MLM e-book or Net89.

They operate from 2017 to 2022 in the Jakarta area and other jurisdictions of the Republic of Indonesia.

"The method used is to promise one percent profit per day, 10 percent to 20 percent per month, 120 percent to 240 percent per year," said Ramadhan.

Another mode, he said, every Saturday and Sunday is not counted as "trading", and profit sharing with companies and up-traders is 50 to 50 to 90 to 10.

Then, continued Ramadhan, prospective members make a deposit of funds (deposit exchanger) that does not have a foreign exchange company permit and the operator does not have a license to collect funds from members and leaders of Bank Indonesia or the Financial Services Authority (OJK).

Separately, the Director of the Tipideksus Bareskrim Polri Brigadier General Whisnu Hermawan said the suspects were charged with Article 378 of the Criminal Code (fraud) and/or Article 372 of the Criminal Code (embezzlement) with a penalty of 4 years each.

Article 106 of Law Number 11 of 2020 concerning Job Creation Amendments to Law Number 7 of 2014 concerning Trade (trade without a permit) with a threat of five years. Article 105 of Law Number 7 of 2014 concerning Trade (pyramid/ponzi scheme) with a threat of 10 years.

"Then Article 3, Article 4, Article 5 and Article 6 of Law Number 8 of 2010 concerning the Prevention and Eradication of the Crime of Laundering (TPPU) with a maximum threat of 20 years," said Whisnu.