Investasi Amanah 1 (Al Amanah) scam by Muhammad Sholeh Suaidi of by fraud Andalas Mandiri consortium dupes thousands in Indonesia through Facebook
|Posted on: 2012-09-17/09:02:13||World - Fraud & Cyber Crime News||Finance & Investment Complaints/|
Investasi Amanah 1 is an investment package offered by Andalas Mandiri consortium, which promised high return in a short time from the investment. The investment consortium claimed that the investment will be put in foreign exchange trading. |
The case broke out after RP, one of the investors, filed a police report claiming that there is a fraud committed in the investment system. RP stated that he had invested Rp1.14 billion as Andalas Mandiri promised 200% profit for the investment. The investment, however, according to RP, stopped delivering returns after several months of investments.
After the case under the spot light, Suaidi claimed that he is still processing a large fund in Bank Indonesia, which then will be transferred to several accounts in Bank Mandiri to cover the investment. Bank Indonesia had denied the statement and claimed that there is no connection between the central bank and the investment.
According to the Police, Al Amanah was a model that encouraged potential customers to join in the company’s business with the promise of massive profits.
The police did find that Al Amanah had no real office and that it was promoted mostly through Facebook. “The organization gave an address in Dago Pakar, Bandung, but it turned out to be fake,”
|Source: The Indonesia Today||Location : Jakarta|