Press Releases
 
Phoenix Property Investors Reported for Embezzlement of Land Ownership Certificate in Indonesia

JAKARTA, INDONESIA, 12 February 2019 -- (ACN Newswire) -- Renowned Asian real estate investment firm, n, is reported to have allegedly been involved in a land ownership certificate embezzlement worth 360 billion Rupiah (US$25 million).

PT Bintang Mahameru filed a complaint towards the firm for withholding the power of attorney covering an area of 11,499 m2 which was made as unilateral collateral in the case of a dispute with its Indonesian subsidiary.

Attorney for PT Bintang Mahameru, Reza Al Makki, stated that his party reported the embezzlement to the police at Jakarta Metropolitan Police Headquarters on the 16th of January. In the report, PT Bintang Mahameru filed a report against Premium Sun Limited, a subsidiary of Phoenix Property Investors. The legal process is currently underway while waiting for further calls by the police.

"We have indeed reported Premium Sun to the Jakarta Metropolitan Police. We will now see how the police investigation goes," stated Reza Al Makki, attorney of PT Bintang Mahameru.

Phoenix Property Investors is a Hong Kong-based real estate company established in 2002. Behind Phoenix are names of respected international financial companies acting as investors, such as Schroder Investment Management and Morgan Stanley.

Contact person for more information : Reza Al Makki, .

# # #


Submitted by ACN Newswire, ACN Newswire on Tuesday, 12 February 2019 at 9:24 AM
Category: Legal/Law
 
Related News

Law Office of Michael Beckman – Helping Innocent Individuals in their Legal Cases
Wednesday, 20 Feb 2019

Premium Sun refutes allegations that it improperly holds on to PT Bintang's land
Wednesday, 20 Feb 2019

Happy to Receive Free Cheap RS Gold on RSorder for Updates of Incense Burner Feb.22
Tuesday, 19 Feb 2019

Benefits of Using Search Engine Optimization (SEO) to your Website:
Thursday, 14 Feb 2019

Know Different Types of Domain Names:
Thursday, 14 Feb 2019

Related Events

Future Soldier Technology 2019
Monday, 11 Mar 2019

Latest News

Measures for deciding on the best bench
Thursday, 21 Feb 2019

What Can you Expect If you Go For Botox Treatment?
Thursday, 21 Feb 2019

Why You need to Buy Aged Gmail Accounts
Thursday, 21 Feb 2019

Benefits of Google Reviews For SEO
Thursday, 21 Feb 2019

Woodwork Services from Korck Components
Thursday, 21 Feb 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Thursday, 21 February 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Stoller's Comprehensive Tutorial in MSK Imaging
  • Recruiting Trends and Talent Tech LIVE! 2019
  • International Conference on Advanced Technologies And Treatments for Diabetes
  • Palo Alto Networks: OETC Consortium (IntegratED 2019)
  • Strategy for Directors Course in London

  • Latest Jobs
    Sorry, there are currently no entries posted here.