Inp.polri.go.id - Jakarta. The Criminal Investigation Department  of the Indonesian National Police (INP) has declared Panji Gumilang a suspect in a money laundering case following an extensive investigation. Brigadier General Whisnu Hermawan, the Director of the Special Economic Crimes Division of the INP Criminal Investigation Department, said Panji was allegedly involved in the misappropriation of funds borrowed by his Islamic boarding school foundation totalling Rp73 billion. The funds were borrowed from the Foundation in 2019. "Based on the analysis, investigators have evidence that the suspect received a loan of Rp73 billion from J-Trust Bank in 2019. The borrowed funds were credited to the foundation's account, but were diverted to Panji's personal account, which was later used to pay off the loan instalments," he explained during a press conference on Thursday (2/11/2023). Director Whisnu asserted that the loan amount transferred to the foundation's account was then diverted to Panji's private account and subsequently used for personal purposes. In addition, the loan repayments were withdrawn from the Foundation's account, indicating possible criminal acts of embezzlement and misuse of funds. (mg/ay/pr/nm)