Jakarta Prosecutor's Office Detains KoinWorks Executives in Rp600 Billion Credit Case

The Jakarta High Prosecutor’s Office has officially named three suspects in a case of alleged corruption involving the disbursement of credit from PT Bank Rakyat Indonesia (BRI) through the financial technology (fintech) platform KoinWorks, which is beginning to implicate the company’s top executives. The case is suspected to have caused state losses amounting to hundreds of billions of rupiah. The three suspects are senior officials from PT Lunnaria Annua Teknologi (LAT), the company owning the KoinWorks fintech platform. Following their designation as suspects, they were immediately placed in detention. “Investigators have also detained three suspects named BAA, as Operational Director of PT LAT from 2021 to the present; BH, as President Director of PT LAT from 2015 to 2022 and Commissioner of PT LAT from 2022 to the present; and JB, as President Director of PT LAT from 2024 to the present,” stated the Head of the Legal Information Section of the Jakarta High Prosecutor’s Office, Dapot Sariarma, on Thursday, 7 May 2026. According to Dapot, the detention is for 20 days starting from Wednesday, 6 May 2026. The suspects are currently held at Cipinang Detention Centre and Salemba Detention Centre. During the investigation, prosecutors uncovered alleged improper financing practices. The suspects are suspected of continuing the financing partnership despite problematic feasibility analyses. Furthermore, the BRI credit is said to have been disbursed unlawfully through the manipulation of collateral documents. “The financing was provided to several customers by manipulating collateral in the form of invoices and failing to close insurance,” he said. The value of the disbursed credit in this case is substantial, reaching around Rp600 billion. Investigators are still pursuing possible involvement of other parties, including from within the banking sector and loan recipient customers. The Jakarta High Prosecutor’s Office is also continuing to trace the flow of funds and assets related to the case. Several locations have been searched to strengthen the legal evidence. “Investigators have conducted searches at several places to strengthen evidence and seize a number of assets. Investigators have also examined witnesses, experts, and suspects, as well as tracked assets for the recovery of state financial losses,” he said. For this case, the suspects are charged under the criminal corruption provisions as regulated in the Criminal Code and the Law on the Eradication of Criminal Acts of Corruption.