Saturday, 19 October 2019 | 22:46 WIB

Over the Past 10 Years, Fake Investments Cause Loss of IDR105.8 Tln

Fake investments.

JAKARTA, NETRALNEWS.COM - The Task Force on the Suspected Legal Action Handling in the Field of Community Funds and Investment Management or the Investment Alert Task Force stated that in the past 10 years, total losses due to fake investment activities reached IDR105.81 trillion.

Chairman of Investment Alert Task Force Tongam Lumban Tobing explained the loss note is based on reports submitted by the community.

The amount of losses due to fake investments is because people are easily tempted by high interest and do not understand how the investment activities work.

"This loss raises people's disbelief in investment products," he said.

He added that the organizers of counterfeit investments usually offer investments without risk. In addition, the legality of the company is also difficult to ascertain because only as a business without a business license as an investment company.

In connection with this, Tongam urged the public to be more careful in choosing the investment product and not easily tempted by high yields promised.

"Remember '2L' in the investment, which is legal and logical investment, meaning the licensing is clear and legal, so the yield is also fair," he said.