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After a year investigating the alleged Rp 104 billion ($10.08 million) stock fraud at Citi Pacific Securities, police on Monday said they had submitted their case files to the Jakarta state prosecutors’ office.

Adjutant Sr. Comr. Hilman, head of the Jakarta Police Second General Crime Unit (Assets and Property), said that the case files were sent to the prosecutors on May 1.

Police have so far named four suspects in the case — namely Andriyani, Monang Lumban Tobing, Hendri Budiman and Johanes Herkiamto.

“They are suspected of multiple offenses, violating articles 266, 263 and 372 of the Criminal Code on fraud and embezzlement,” Hilman said.

Hilman said the case began when victim Rosemary Anne James, director of Singapore-based and -listed Citi Globe, filed a report with Jakarta Police on April 3, 2008. In her report, Rosemary outlined an alleged illegal transfer of her company’s 40 percent share in Citi Pacific Securities.

On April 2, 2002, Citi Globe and Pacific Finans Indo bought Citi Pacific Securities. Pacific Finans Indo controlled 60 percent of the City Pacific Securities, while Citi Globe owned the other 40 percent.

On Jan. 11, 2007, all Citi Globe shares at Citi Pacific Securities were sold to Lukfinindo Pratama, a sale and purchase legalized in Notary Act No. 4 dated the same day by Netty Maria Machdar, notary at law. The suspects, James claimed, had engineered the sale by forging a power of attorney from her giving Andriyani the authority to sell all Citi Globe’s shares.

“I do not know [Andriyani], nor have I ever given her the power of attorney,” James said, adding that she only became aware of the sale when it was published on the Web site of Indonesia Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) in June 2007.

Johanes Herkiamto allegedly set up the forgery and he conspired with Monang Lumban Tobing, CEO of Citi Pacific Securities, and Hendri Budiman, a board director of the same company.