KoinWorks Founder Detained by Prosecutors in Rp 600 Billion Corruption Case
The Jakarta High Prosecutor’s Office for the Special Capital Region of Jakarta has named three individuals as suspects in an alleged criminal corruption case. This case involves the manipulation of credit applications through the KoinWorks fintech platform in collaboration with BRI.
The three suspects are Mr. BAA (Operational Director of PT LAT from 2021 to the present); Mr. BH (President Director of PT LAT from 2015 to 2022 and Commissioner of PT LAT from 2022 to the present); and Mr. JB (President Director of PT LAT from 2024 to the present).
All suspects, as executives of PT LAT, the owner of the KoinWorks fintech platform, collaborated on improper analyses. They also submitted and disbursed unlawful financing from BRI to several customers.
Based on previous reports, the President Director of KoinWorks from 2015 to 2022 was one of the founders of the peer-to-peer lending startup, Benedicto Haryono.
The disbursements were carried out by manipulating collateral in the form of invoices and failing to close insurance. This action resulted in the release of credit amounting to Rp 600 billion.
Quoting the official Instagram account of the High Prosecutor’s Office, the detention of the three suspects has been in effect since Wednesday (6/5/2026) for up to 20 days. The detentions are taking place at Cipinang Detention Centre and Salemba Detention Centre.
The actions of all suspects have violated Article 603 or Article 604 in conjunction with Article 20 letter c and Article 126 paragraph (1) of Law Number 1 of 2023 on the Criminal Code, joined with Article 18 paragraph (1) of Law Number 31 of 1999 as amended by Law Number 20 of 2001 on Eradication of Corruption.
Investigators have also conducted seizures and gathered evidence, including deepening the case regarding the involvement of bank employees and customers in manipulating credit applications.
Suspects, experts, and witnesses are being examined as part of the investigation development to trace and seize assets for recovering state losses.