{
    "success": true,
    "data": {
        "id": 1756062,
        "msgid": "central-java-police-bust-fraudulent-cooperative-posing-as-ponzi-scheme-money-circulation-reaches-rp4-6-1779542414",
        "date": "2026-05-21 21:37:10",
        "title": "Central Java Police Bust Fraudulent Cooperative Posing as Ponzi Scheme, Money Circulation Reaches Rp4.6 Trillion",
        "author": "Karta Raharja Ucu",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Regulation",
        "summary": "Indonesian police in Central Java have dismantled a fraudulent cooperative operation disguised as a savings scheme, with around Rp4.6 trillion circulating and tens of thousands of victims nationwide. The operation lacked authorization from the financial regulator, underscoring regulatory gaps. The investigation covers 2018-2025 and reports around 160,000 transactions.",
        "content": "<p>Central Java Police\u2019s Directorate of Special Criminal Investigation\n(Direskrimsus) uncovered suspected illegal fundraising practices\ndisguised as a cooperative run by Koperasi Bahana Lintas Nusantara\n(BLN). In the case, the total fund circulation identified reached around\nRp4.6 trillion. Meanwhile, the number of victims is estimated to number\ntens of thousands across various regions of Indonesia.<\/p>\n<p>Director of Special Criminal Investigation of the Central Java Police\n(Polda Jateng), Kombes Pol Djoko Julianto said the disclosure of the\ncase began after several police reports received from various regencies\nin Central Java. In the course of the investigation, BLN is suspected of\ncollecting public funds through various savings programmes with promises\nof high returns spanning 2018-2025.<\/p>\n<p>\u201cThe programmes offered looked enticing and promised large profits in\na short time, but they did not have a fund-raising licence from the\nFinancial Services Authority,\u201d Djoko said at a press conference at the\nMako Ditreskrimsus Polda Jateng, Semarang City, Thursday (21 May\n2026).<\/p>\n<p>One example of BLN Cooperative\u2019s savings programme is Simpanan Pintar\nBayar (Sipintar). In that programme, BLN depositors who make a single\ndeposit are promised a return of 4.17 percent. However, the percentage\nof returns would be delivered to depositors over a 24-month period.<\/p>\n<p>According to Djoko, BLN Cooperative has several programmes similar to\nSipintar. The gist is the same: promising depositors multiplied\nreturns.<\/p>\n<p>\u201cIn this illegal activity there have been as many as 160 thousand\ntransactions carried out from 2018 to 2025,\u201d Djoko said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/central-java-police-bust-fraudulent-cooperative-posing-as-ponzi-scheme-money-circulation-reaches-rp4-6-1779542414",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}