Irzen Octa
Irzen Octa was a minor businessman and secretary general of the National Unifying Party (PPB), a small Indonesian party.[1] On March 29, 2011, aged 49,[2] he was found outside a Citibank branch in Jakarta and died of a brain hemorrhage on the way to hospital.[3] The police found traces of blood on the wall and curtains of a fifth-floor room.[3] In connection with the crime, police arrested three third-party Citibank debt collectors.[4] In late September 2011, the prosecution announced that five third-party debt collectors would be charged, including three for false imprisonment (carrying a maximum sentence of eight years).[1]
Irzen Octa left a wife and two teenage daughters. His widow is suing Citibank for three trillion rupiahs (roughly 350 million US dollars).[1]
The case has severely affected the reputation of Citibank Indonesia, which was also faced with a spectacular case of embezzlement by one of its employees around the same time.[2] Bank Indonesia banned Citibank for two years from processing new credit card applications[5] and outsourcing debt collection.[6]
References
[edit]- ^ a b c In the Citibank Case, a Long Wait for Answers, 2011-09-27, archived from the original on 2011-09-29.
Collectors to Be Tried for Citibank Debtor’s Death, 2011-09-27, archived from the original on 2011-10-02. - ^ a b Citigroup Collides With Death Pursuing Emerging Market Debts in Indonesia, Bloomberg Markets Magazine, 2011-06-30.
- ^ a b "PPB official allegedly killed by Citibank debt collectors", Jakarta Post, 2011-03-31, archived from the original on 2011-09-12.
- ^ "Prosecutor denies going soft in Irzen Octa case", Jakarta Post, 2011-09-29, archived from the original on 2011-12-07.
- ^ "BI tells Citibank to stop processing new credit card applications", Jakarta Post, 2011-04-07, archived from the original on 2011-04-10.
- ^ BI bans Citibank to use debt collectors, Antara, 2011-04-08.