Koperasi Simpan Pinjam (Kospin) Indosurya Cipta had run its business like a bank for nearly ten years before its illegal activities were exposed. The case revealed other problems related to the operational activities of savings and loan cooperative unions. The financial dispute in Kospin Indosurya was settled amicably, but the owner of the Company and several parties were named suspects of fraud and embezzlement by the National Police (POLRI). Dozens of creditors challenged the peace agreement, but the attempt failed. Two months ago, hundreds of clients of the Kospin filed a civil lawsuit, and POLRI also detained the individual suspects. POLRI claimed to have confiscated assets worth nearly Rp2 trillion supposedly related to the crimes.To subscribe please click here
