Embezzlement: 20 Billion IDR Savings of eSport Athlete is Goneputri
Cases of embezzlement of customer money are rife. The latest case is of the disappearance of a savings account belonging to an esports athlete, Winda D Lunardi. According to merdeka.com report (6/11), there has been a disappearance of Rp20 billion in savings and the police named the branch head a suspect. According to the police statement to finance.detik.com (14/11) the suspect took the money without the owner’s permission, used it and gave the money to his friend to be turned around for profit.
According to Survei Fraud Indonesia 2019, it was revealed that finance and banking industries were most disadvantaged by fraud. The billions of embezzlement cases are not the first to occur within the Indonesian financial industry. Previously there were cases of embezzlement of eleven customer funds totaling 11 billion rupiah by an employee at a state-owned bank. There was also a case of the head of a Regionally-Owned Enterprises bank embezzling customer money amounting to 7.7 billion rupiah.
Meanwhile, the parties who are disadvantaged from these cases are not only the customers, but also the banks, in terms of reputation and material losses. These embezzlement cases are only the tip of the iceberg. This kind of fraud can occur in other companies regardless of the scale and type of industry. To prevent embezzlement and other types of fraud, companies need to implement and evaluate internal controls on a regular basis.
Efforts to prevent and detect embezzlement
The results of the Report to The Nations 2020 Global Study on Occupational Fraud and Abuse survey released by the ACFE stated that reporting (tip) was the most common method for exposing embezzlement cases. More than 40% of fraud cases in this study were detected by the reporting method.
To help evaluate the internal control system as well as detect fraud early on, Integrity Indonesia is here as a trusted company that provides whistleblowing services for clients from various business backgrounds. Through the Canary® Whistleblowing System, Integrity Indonesia offers case management services that will provide notification, analysis and reporting management.
Integrity Indonesia also presents a combination of several reporting channels that are centralized on the website application, thereby increasing the accessibility of our clients to reports, while still ensuring the anonymity of the reporters. For more information about the Canary Whistleblowing System please do not hesitate to contact us.