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Tuesday, April 26, 2011

Bank Mega refuses to compensate Elnusa

Bank Mega says it will not pay any compensation to its client, PT Elnusa, after a third party allegedly embezzled funds from the company's deposit account, totalling Rp 111 billion (US$12 million), at the bank.

Bank Mega director Suwardhini said the issue of the missing funds was between Elnusa, investment firm Discovery Indonesia and Harvestindo Asset Management.

“We have done our job properly, so we will not pay any compensation,” Suwardhini said Monday, as quoted by kontan.co.id.
Police are now investigating the case and have arrested several suspects.

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