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Assets of First Travel's owners seized over fraud, money laundering in Indonesia

( August 23, 2017, 04:04 GMT | Insight) -- Indonesian police have confiscated the assets of the owners of travel agent First Anugerah Karya Wisata, or First Travel, in connection with suspected fraud and money laundering connected to funds that were supposed to have gone to haj pilgrimages, the Jakarta Post reports.Indonesian police have confiscated the assets of the owners of travel agent First Anugerah Karya Wisata, or First Travel, in connection with suspected fraud and money laundering connected to funds that were supposed to have gone to haj pilgrimages, the Jakarta Post reports. The assets consists of three luxury houses, offices and a boutique located in prestigious areas in Jakarta and nearby cities; five cars; and 31 savings account passbooks. The assets were traced by the Financial Transaction Reports and Analysis Centre. In a related development, the Jakarta Commercial Court asked the company to pay back its customers. Police estimated that the wrongdoing caused losses of 848 billion rupiah ($63 million) involving 58,682 customers....

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