{
    "success": true,
    "data": {
        "id": 1873161,
        "msgid": "task-force-pasti-halts-pt-econext-ventures-illegal-green-investment-shut-down-1784652637",
        "date": "2026-07-21 23:05:41",
        "title": "Task Force PASTI Halts PT Econext Ventures, Illegal Green Investment Shut Down",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's Investment Alert Task Force (Satgas PASTI) has ordered PT Econext Ventures Indonesia to cease operations for allegedly running an illegal investment scheme disguised as green funding and multi-level marketing. The company lacked the necessary licences from the Financial Services Authority (OJK) and the Ministry of Investment, and its digital platforms were unregistered. This enforcement action signals heightened regulatory scrutiny on securities crowdfunding platforms and aims to protect retail investors from fraudulent schemes.",
        "content": "<p>The Investment Alert Task Force (Satgas PASTI) has officially halted\nall business activities of PT Econext Ventures Indonesia (EVI), which is\nsuspected of operating an illegal investment scheme under the guise of\ngreen investments and multi-level marketing. The enforcement action was\ntaken after clarifications revealed that EVI did not possess a licence\nfrom the Financial Services Authority (OJK) as a securities crowdfunding\nprovider, its business licence did not comply with the provisions of the\nMinistry of Investment\/BKPM, and its application and website were not\nregistered as Electronic System Providers with the Ministry of\nCommunication and Informatics. The company\u2019s membership in the\nIndonesian Crowdfunding Services Association (ALUDI) has also been\nrevoked.<\/p>\n<p>Satgas PASTI will block the related application and URLs and is\ncoordinating with law enforcement for further criminal proceedings. This\naction serves as a strong signal that the OJK and the task force will\nnot hesitate to take measures against entities that claim to be in the\nlicensing process or promise certain returns without regulatory\ncompliance. For the public, this case is a reminder that claims of\n\u2018being in the licensing process\u2019 do not guarantee legality. Investors\nwho have deposited funds face the risk of total loss if the company\nlacks real assets or a clear recovery scheme. The OJK urges victims to\nreport to local law enforcement immediately to expedite the handling\nprocess and potential asset recovery.<\/p>\n<p>The impact extends beyond direct victims to legitimate players in the\ncrowdfunding industry. Any investment scam that misuses the\n\u2018crowdfunding\u2019 label risks eroding public trust in technology-based\nfunding instruments that the government is actively promoting. In the\nshort term, green investment and technology offerings will face stricter\nvalidation from potential investors, and regulators will become more\naggressive in their oversight.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/task-force-pasti-halts-pt-econext-ventures-illegal-green-investment-shut-down-1784652637",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}