Indonesian startup founder named suspect in illegal gun possession case
Jakarta. Muhammad Farid Andika, co-founder and former managing director of Jakarta-based peer-to-peer lending startup Restock, faces up to 20 years in prison after police named him a suspect in an alleged possession of illegal firearms.
Farid is said to have brandished a gun at passers-by who asked him to go to the police with them after his car grazed a motorbike in Duren Sawit, east Jakarta on Friday. Farid left the scene immediately after, but not after a bystander saw his act on video, allowing police to identify and detain him later that day.
Chief Comm. Jakarta Police spokesperson Yusri Yunus said police had enough evidence to charge Farid with illegal possession of firearms under the 1951 Emergency Temporary Actions Act for the placing of firearms. implementation of the unitary structure, power and agenda of the civil court.
“The Foreign Ministry is subject to Article 12 of the 1951 Emergency Law,” Yusri said on Saturday, referring to Farid by his initial.
The first paragraph of the article reads as follows: “Whoever, without the right to enter Indonesia, makes, receives, attempts to obtain, delivers or attempts to deliver, control, transport, obtain stockpiling with him or having on his property, storing, transporting, concealing, using or removing from Indonesia any firearm, ammunition or explosive material is punishable by death or life imprisonment or a maximum sentence of 20 years.
At around 1:00 a.m. on Friday, Farid, who was driving a Toyota Fortuner sport utility vehicle, allegedly struck a motorcycle driven by an unidentified woman as he passed Jalan Kol. Sugiono in Duren Sawit, East Jakarta.
Several passers-by then approached him, asking him to take responsibility for his alleged involvement in the accident and to report immediately to the police.
Instead of helping the victim, the Farid got angry by brandishing an airsoft gun. Then he left while several motorcycle taxi drivers in line helped the victim. One of the bystanders videotaped the incident, which then went viral on social media.
Using the video, police were able to link the Toyota Fortuner’s license plate to Farid’s home address in an elite neighborhood of Patal Senayan, south of Jakarta.
“When he got to his residence, the driver was not there. But his parents told us about his last position. We then detained him in the parking lot of a shopping center,” Yusri said.
Yusri also said police are still mounting a hit and run case against Farid.
P2P loan start
Farid is the co-founder and former CEO of Restock, a peer-to-peer (P2P) start-up based in Jakarta, the company said in a statement on Saturday. Farid had resigned from his post shortly after police named him a suspect.
“At the moment, we have appointed Tiar Nabilla Karbala as CEO of Restock.id,” Rega Sardjono, the company’s head of sales, said in the statement.
Tiar is one of the founders of Tunas Nusantara Kapital, a local venture capitalist who led a $ 1 million fundraiser for Restock last year.
Farid’s arrest came at a crucial time for the company as it prepares to raise another capital injection next week.
“God willing, next week we will help startups with sufficiently large investment value than ever before. We invite the public to be objective and calm in responding to existing problems,” said Rega.
Restock focuses on providing operating loans to micro, small and medium enterprises and has disbursed over 247 billion rupees ($ 16.9 million) in loans to its customers since the company was founded in February 2019 .