PPATK Suspects Masterminds of Illegal Investment Apps Living in Indonesia

TEMPO.CO, Jakarta - The Financial Transaction Reports and Analysis Centre (PPATK) head Ivan Yustiavandana suspected that a number of masterminds behind the illegal investment case are not only living abroad but also in Indonesia. 

The authority, he said, is still investigating the main beneficiary of the investment fraud cases, such as Binomo and Quotex from abroad, as well as Viral Blast, DNA Pro, and Fahrenheit which were said to be originated from Indonesia.

“We also suspected several masterminds in other countries and in domestic as well,” said Ivan in a meeting with the House of Representatives (DPR) Commission III at the Senayan Parliamentary Complex, Tuesday, April 5.

However, he stopped short of mentioning the names. He ensured that PPATK would keep tracking the flow of funds from fraudulent investment cases.

“We are trying to trace the transaction to the ultimate beneficiary owners. We see that the development of the cases is indeed improving,” he added.

Based on PPATK's investigation as of Monday, there were reports of an increase in bank transfers to several people in Indonesia in large numbers. On Monday only, the hike in transactions was reported from Rp7 trillion to Rp35 trillion.

“We are still waiting, but not expecting it. We are still asking financial service providers to report to PPATK and take preventive measures,” said Ivan.

Read: PPATK: No Guarantee for Illegal Investment Victims to Get Their Money Back

ARRIJAL RACHMAN