The National Narcotics Agency, or BNN, arrested seven suspects from an international drug syndicate and seized Rp 900 billion ($ 69.2 million) in cash purportedly derived from drug proceeds, BNN chief Budi Waseso told reporters in Jakarta, on Wednesday (26/10). (Antara Photo/Yudhi Mahatma)

BNN Arrest Two International Drug Syndicate Kingpins and Seize Rp 900b in Cash

BY :EDO KARENSA

OCTOBER 26, 2016

Jakarta. The National Narcotics Agency, or BNN, arrested seven suspects from an international drug syndicate and seized Rp 900 billion ($ 69.2 million) in cash purportedly derived from drug proceeds, BNN told reporters in Jakarta, on Wednesday (26/10).

Investigations revealed that the syndicate had assets in 11 countries and laundered a total of Rp 3.6 trillion, believed to be derived from drug trafficking..

“Around Rp 900 billion in cash has been seized in the country but we are still working to track the rest of it, around Rp 2.7 trillion in 11 countries with help from [Indonesia's Financial Transaction Reports and Analysis Center, or PPATK] and the National Police,” BNN chief Comr. Gen. Budi Waseso said, adding that BNN received the tip-off from PPATK.

Seven suspects were also arrested in the case, including two who are believed to be the kingpins. However, Budi refused to name of suspects as investigations are still underway.

The members of the syndicate transacted through the money changers and banks using fictitious import invoices.

Budi added that the agency hopes to continue to work closely with the PPATK and National Police to intercept drug smuggling transactions involving international syndicates.

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