Bandung. Police in Bandung have named the chairman of the Bandung Regency branch of the Indonesian Young Entrepreneurs Association (HIPMI) as a suspect in an alleged fraud and embezzlement case involving a Rp 3 billion ($172,740) bounced check.

The suspect, identified by the initials TD, was previously reported to police by a businessman from Cikarang, Bekasi, identified as I.

Bandung Police Chief Aldi Subartono confirmed that authorities had received a complaint related to the alleged fraud.

“That is correct. We received a report from the criminal investigation unit concerning a fraud and embezzlement case involving a man with the initials TD,” Aldi said in Bandung on Friday.

Head of the criminal investigation unit Luthfi Olot Gigantara said the report was filed on April 24, after which investigators conducted further inquiries and summoned TD for questioning.

Following the examination and collection of evidence, police decided to formally designate TD as a suspect.

“Yesterday, TD complied with our summons, and today, based on at least two pieces of evidence that we have obtained, we officially named him a suspect,” Luthfi said.

TD is currently being held at a Bandung police detention facility.

According to investigators, the suspect allegedly used a Rp 3 billion bounced check to persuade the victim to provide investment funds for a business venture.

“The modus operandi involved TD issuing a bounced check worth Rp 3 billion as a deceptive tactic, leading the victim to hand over funds as an investment in the business,” Luthfi said.

Police confirmed that TD currently serves as chairman of HIPMI Bandung Regency, but said the alleged criminal acts were carried out in a personal capacity and were unrelated to the organization.

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