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Infobank’s 44 Year Notes: Dark Banks, Online “Pesugihan” and the Shallowness of the Financial Sector

By Eko B. Supriyanto, Chair of Infobank Media Group

DON’T be surprised how much public money has evaporated over the last 5 years. The amount, according to the Investment Alert Task Force, reached IDR 123 trillion. The amount of “fake” investment will certainly be bigger, if you add up the losses to the people with official institutions such as insurance, cooperatives and robots.

People who want to get profit, on the contrary get stumped. Not only insurance is a “tuyul” (invisible creatures that steal money), cooperatives are also stealer “penilep” of people’s money. Also, online “pesugihan” (rituals that are believed to be used to gain instant wealth through shortcuts) which translated by profit-making robots. Even though this online “pesugihan” has subsided, whispers still exist in the community. Selling from cafe to cafe, from hotel to hotel.

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