Investigation into Alleged KoinWorks Corruption Case Underway, BRI Strengthens Risk Management
JAKARTA, KOMPAS.com - PT Bank Rakyat Indonesia (Persero) Tbk or BRI has spoken out regarding the decision of the Jakarta High Prosecutor’s Office (Kejati) DKI Jakarta, which has named suspects in the alleged criminal act of corruption in the distribution of funds by one of the state-owned banks through KoinWorks.
BRI Corporate Secretary Dhanny stated that the company respects the ongoing law enforcement process. The company is committed to being cooperative and following all processes in accordance with applicable provisions.
“BRI respects the law enforcement process currently being carried out by law enforcement authorities regarding the alleged criminal act of corruption in the distribution of KoinWorks fintech funds,” he said in a written statement on Thursday (7/5/2026).
This is to ensure that all operational activities run in accordance with regulations and principles of prudence, as well as part of the company’s commitment to Good Corporate Governance (GCG).
“In carrying out business and operational activities, BRI always prioritises GCG principles, prudential banking, and risk management in every company business process,” he emphasised.
The three individuals—former President Director and Commissioner of PT Lunaria Annua Teknologi (LAT) BH, Operations Director of PT LAT BAA, and President Director of PT LAT JB— are suspected of being involved in the distribution of problematic credit that caused potential state losses of up to hundreds of billions of rupiah.
“And disbursing unlawful financing from PT BRI Persero to several customers by manipulating collateral in the form of invoices and not closing insurance, resulting in credit disbursements of around Rp 600 billion,” stated Dapot in his written statement on Thursday (7/5/2026).
This case stems from a credit distribution cooperation between the state-owned bank and the KoinWorks fintech platform.
In the process, investigators found allegations of document manipulation and financing distribution without adequate feasibility analysis.
Regarding the case, the Jakarta High Prosecutor’s Office is still delving into the possibility of involvement of other parties.