Criminal Investigation Agency traces Rp320 billion in assets to recover PT DSI victim losses

The Directorate of Economic and Special Crimes (Dittipideksus) of the Indonesian National Police’s Criminal Investigation Agency (Bareskrim) is intensifying asset tracing in the alleged investment fraud case of PT Dana Syariah Indonesia (PT DSI), with the value of identified assets reaching approximately Rp320 billion. Director of Economic and Special Crimes at Bareskrim, Brigadier General Pol. Ade Safri Simanjuntak, stated in a written statement received in Jakarta on Wednesday that this measure is being taken to support the recovery of losses for victims or lenders who invested funds through the PT DSI platform. ‘In handling this case, investigators continue to coordinate with PPATK, OJK, public prosecutors, and other relevant parties to optimise asset tracing efforts,’ said Ade. According to him, the traced assets include movable and immovable property, bank accounts, deposits, receivables, financial assets, and other assets suspected of being connected to the proceeds of crime. To date, investigators have seized assets worth approximately Rp320 billion. These consist of 11 immovable assets, including offices, shop houses, houses, apartments, and land in DKI Jakarta, West Java, Banten, and North Sumatra, valued at around Rp143 billion. Investigators are also still verifying and conducting in-depth analysis of other assets worth approximately Rp130 billion that could potentially be seized in the case files of other suspects. Ade stated that the Depok District Prosecutor’s Office has declared the first case file, involving three suspects TA, MY, and ARL, to be complete, or P-21. Investigators subsequently transferred the suspects and evidence to the public prosecutor. ‘The investigative team will optimise asset tracing to provide scope for recovering the losses of PT DSI victims,’ Ade remarked. He affirmed that the investigation is being conducted professionally, transparently, and accountably to maintain public trust in the legal system and a healthy investment climate. Previously, Dittipideksus Bareskrim named a new suspect with the initials FH, a former official of the Financial Services Authority (OJK), in the case involving alleged investment fraud, embezzlement, and money laundering (TPPU) linked to PT DSI. ‘Based on investigation facts and five valid pieces of evidence, investigators have named one new suspect in this case, namely FH,’ he said. FH is known to be the founder and advisor of PT DSI. He previously served as Director of Operations and Information System Facilities at OJK for the 2014-2017 period, Director of the Digital Financial Innovation Group at OJK for the 2017-2018 period, and Director of Information Technology and Risk Management at the Indonesia Stock Exchange (BEI) for the 2018-2022 period. The naming of FH as a suspect is a result of the development of investigations into four earlier suspects: TA as president director, ARL as commissioner, and MY and AS as former directors of PT DSI.