According to the Finansial Bisnis, the case, which centres on allegations of financial fraud and fictitious reporting amounting to Rp12 billion, has now been formally handed over to the prosecution.
M. Ismail Riyadi, Head of the Department of Literacy, Financial Inclusion and Communication at the OJK, confirmed that the Public Prosecutor has declared the investigation files complete (P.21).
M. Ismail Riyadi
“Subsequently, OJK investigators carried out phase II, namely the handover of suspects and evidence to the Public Prosecutor, which was carried out at the South Jakarta District Prosecutor’s Office on 7 January 2026,” Riyadi stated in an official release.
The investigation uncovered serious offences related to financial services, financing and banking crimes committed between January 2023 and September 2024.
The core of the allegations involves the submission of false, fake, or misleading data to the OJK.
Specifically, authorities discovered fraudulent recordings regarding the distribution of lender funds to 62 fictitious partners reported in the Fintech Lending Data Centre System (PUSDAFIL).
“It was as if these partners received loan funds. The total reported value of fund distribution reached approximately Rp12 billion,” Riyadi explained.
The OJK followed a tiered enforcement process ranging from special audits to a full criminal investigation.
As a result, the authority has now charged the suspects under the Financial Sector Development and Strengthening Law (UU P2SK) and the Criminal Code (KUHP).
If convicted, the penalties are severe.
“The suspect faces a maximum imprisonment of 15 years and a maximum fine of Rp200 billion,” Riyadi emphasised.
On 26 January 2026, the Central Jakarta District Court dismissed the suspects’ pretrial motion to challenge their legal status, thereby validating the OJK’s investigation and confirming the suspect determination as legally sound.
