Jakarta, CNN Indonesia –
Case failed to pay money customer back to happen. This time the case happened to PT Indosterling Optima Investa (IOI).
Because of this problem, the company was sued for returning Rp95 billion from 58 elderly customers.
The lawsuit is the aftermath of a case of alleged default on ownership of investment products High Yield Promissory Notes (HYPN) offering 9-12 percent annual returns to customers.
So, what kind of company is Indosterling?
The company was founded in 2011. When it was founded, the Indosterling Group initially offered financial services (financial and advisory) to medium-scale corporations in Indonesia through its subsidiary Indosterling Capital.
In addition, the company also ran a digital technology development business in the same year. From there, Indosterling Technomedia was born.
Then, in 2016 IOI launched another business unit, this time penetrating the consumer sector through the establishment of PT Indosterling Wahana Boga and launching the Bakmitopia trademark.
Not satisfied with the existing business line, the company also launched PT Indosterling Aset Manajemen (IAM) with two mutual fund products in 2018. They are Indosterling Equity Likuid Plus and Indosterling Money Market Mutual Funds.
On the company’s website, Indosterling discloses several of the company’s investment portfolios, including a local tobacco leaf processing business, PT Indonesian Tobacco Tbk.
The company also invests in PT XC Cleanindo, a provider of hygiene and sanitation needs. Then, PT Cisadane Sawit Raya Tbk which is engaged in oil palm plantations.
Other businesses that are also on the IOI investment list are PT Era Prima Adi Cipta Kreasindo (Epack) and PT Sinar Asia Permata since 2013.
The company, which is headquartered in the Jenderal Sudirman area, Central Jakarta, is headed by Sean William Henley as founder and President Director.
Sean claims to have 20 years of experience in entrepreneurship and financial markets. Prior to founding IOI, he worked with a number of world-renowned companies such as CIMB, PT Valbury Asia Securities, and Swiss investment bank UBS Wealth Management.
Sean completed his undergraduate studies in business, banking and finance at Monash University, Australia.
After 9 years Sean headed IOI, in September 2020 he was named a suspect in a case of alleged operational and financial crime by the Criminal Investigation Unit of the National Police, Cq Directorate of Economic and Special Crimes.
William’s Legal Counsel, Hardodi Law Firm, confirmed the suspect’s status through a letter of clarification numbered Ref_19 / HDL / LTR / XI / 2020 dated 19 November 2020 as published by the Indonesia Stock Exchange (IDX).
However, Hardodi, as William’s lawyer, said that the determination of the suspect did not mean that his client had been proven to have committed the criminal act that was alleged.
The suspect status, he said, was given because law enforcement in RI recognized the principle of presumption of innocence.
In Hardodi’s response to the IDX report number S-06953 / BEI.PP1 / 11-2020, he said that currently the case legal process has entered the investigation stage at Bareskrim Polri Cq Directorate of Economic Crime.
(well / eight)
– .
