Polda Metro Arrests Indian Citizen, Fraudster Trading Forex Investment Mode

Polda Metro Jaya building in the Senayan area, Central Jakarta. (ANTARA)

JAKARTA - The police arrested a foreign national (WNA) from India with the initials VVS alias Sunny for being involved in fraudulent trading forex investment mode which caused a loss of IDR 3.5 billion.

Wadirkrimsus Polda Metro Jaya, AKBP Hendri Umar said the perpetrator deceived his compatriot, GRN, by luring a 5 percent profit from the funds invested every month.

"It was promised by the suspect that later through this gold forex trading investment, the victim will get a 5 percent profit every month," Hendri told reporters, Friday, July 26.

Not only that, the suspect also promised that the capital issued by the victim would return after a year outside of profit.

The victim, who was interested in the lure, agreed and made an agreement with the suspect which was divided into three clusters.

First, the victim deposited 50 thousand United States (US) dollars in April 2021. At that time, GRN still made the profit as promised. However, it only lasted for 8 months.

Then, the suspect offered another investment with the lure of sharing a 50 percent profit. The victim, who still believes in the end, handed over 250 thousand US dollars to the suspect.

"It turned out that time was running, there was absolutely no return. There was no return regarding this second agreement," he said.

Even with the third cluster. The suspect who claims to be building a business with a 5 percent profit will be given to the victim instead.

"If we calculate or convert it into Rupiah, it will be around Rp. 3.5 billion," said Hendri.

Thus, the victim reported this to the Polda Metro Jaya. Based on the police report, the VVS suspect was arrested and has now been detained.

In this case, the suspect is charged with Article 372 concerning embezzlement and Article 3, Article 4, and Article 5 of the Money Laundering Law (TPPU).