State Bank BNI Thanks Indonesian Authorities for Extraditing Fugitive in $118m Fraud

At that time BNI disbursed loans worth $136 million and 56 million euros or the equivalent of 1.7 trillion rupiahs at the then exchange rate to PT Gramarindo Group, which is owned by Maria and Adrian Waworuntu.

The action was taken by PT Gramarindo Group which allegedly received help from "insiders" because BNI continued to approve L/C guarantees from Dubai Bank Kenya Ltd., Rosbank Switzerland, Middle East Bank Kenya Ltd., and The Wall Street Banking Corp which are not BNI's correspondent banks. In June 2003, BNI began an investigation following its suspicion of PT Gramarindo Group's financial transactions and found that the company had never exported.

(Writer : Fika Nurul Ulya | Editor : Sakina Rakhma Diah Setiawan)

Source: https://money.kompas.com/read/2020/07/10/080700226/buron-17-tahun-bni-apresiasi-penangkapan-maria-pauline-lumowa?page=2.