Money Laundering Case Involving PT Indosterling Optima Declared Complete

The Criminal Investigation Agency (Bareskrim) of the Indonesian National Police has stated that the investigation into money laundering (TPPU) involving PT Indosterling Optima Investa has concluded, following the declaration that the case files for suspect SWH are complete (P-21) by the public prosecutor.

Brigadier General Ade Safri Simanjuntak, Director of Special Economic Crimes at Bareskrim Polri, stated in a written briefing in Jakarta on Friday that the completion of the files was based on a letter from the Head of the Central Jakarta District Attorney’s Office dated 10 August 2026.

“The investigation regarding money laundering (TPPU) originating from the predicate offence of banking crimes has been declared complete (P-21) by the Public Prosecutor,” said Ade Safri.

The money laundering case is an extension of the predicate offence involving the collection of public funds in the form of deposits without a business permit from the Financial Services Authority (OJK). The investigation was conducted after the predicate offence case was separated from the money laundering case.

Funds were collected by offering interest rates of 9 to 13 per cent through the issuance of High-Yield Promered Notes (HYPN). A default occurred in 2020, which led to Suspension of Debt Payment Obligations (PKPU) proceedings and a report to Bareskrim Polri.

In the predicate offence case, SWH was found guilty at the cassation level and sentenced to 10 years in prison and a fine of Rp10 billion, based on Supreme Court Decision Number 5937 K/Pid.Sus/2022 dated 28 November 2022. SWH is currently serving his sentence at the Class I Sukamiskin Prison in West Java.

Investigators subsequently traced the use of funds collected through several PT Indosterling Optima Investa accounts. Based on the investigation results, the funds were used to pay fixed interest or coupons to HYPN holders, principal disbursements, commissions for approximately 500 agents, operational costs and salaries, as well as transfers to affiliated companies and several accounts under the orders of SWH.

Bareskrim has seized eight plots of land and buildings spread across North Jakarta, Tangerang, Central Jakarta, and Malang, as well as five four-wheeled vehicles.

Ade Safri stated that investigators have taken several steps to trace and secure assets suspected to be related to the crime. “The investigative steps taken include the search of the PT Indosterling Optima Investa office, the seizure of documents, coordination with the OJK and PPATK, as well as the seizure of assets consisting of eight units of land and buildings and five vehicles,” said Ade Safri.

Furthermore, investigators examined banking and money laundering experts and submitted the case files to the public prosecutor until they were declared complete. With the P-21 status, Bareskrim investigators will proceed to Phase II, which involves the handover of the suspect and evidence to the public prosecutor for further legal proceedings.

The case is being handled based on two police reports: LP/B/0311/VI/2020/BARESKRIM dated 10 June 2020 and LP/B/0364/VII/2020/BARESKRIM dated 6 July 2020.