Invoice Collateral Manipulation: How KoinWorks Disbursed Rp 600 Billion in Credit

The Head of the Legal Information Section at the Jakarta High Prosecutor’s Office (Kejati), Dapot Driarma, explained that his office has detained three KoinWorks bosses on suspicion of the criminal act of corruption in the disbursement of credit from PT Bank Rakyat Indonesia (BRI) Persero Tbk to several clients worth Rp 600 billion. The three are the President Director of PT Lunaria Annua Teknologi (LAT), Jonathan Bryan, the Commissioner of PT LAT, Benedicto Haryono, and the Operations Director of PT LAT, Bernard Adrianto Arifin. The three have been detained for the next 20 days at the Cipinang and Salemba detention centres while investigators delve deeper into the case. KoinWorks manipulated collateral in the form of invoices and then disbursed credit of Rp 600 billion. “And disbursed financing unlawfully from PT BRI Persero to several clients by manipulating collateral in the form of invoices and not closing insurance, thus leading to the disbursement of credit of around Rp 600 billion,” Dapot explained, quoted from Kompas.com, Thursday (7/5/2026). The three face a maximum sentence of 20 years in prison and a fine of up to Rp 2 billion. BRI consistently supports and cooperates with all investigation and inquiry processes by the authorities. “BRI respects the law enforcement process currently being carried out by law enforcement authorities regarding the case of alleged corruption in the disbursement of KoinWorks fintech funds,” explained Dhanny. Risk management across all business lines is also being strengthened to close such loopholes tightly. “In carrying out business and operational activities, BRI consistently prioritises the principles of Good Corporate Governance (GCG), prudential banking, and risk management in every company business process,” he stressed. The investigation into this alleged corruption case is still being handled by the Kejati DKI Jakarta.