OJK Hands Over Case Files of BPR Panca Dana to Public Prosecutor
The Indonesian Financial Services Authority (OJK) has completed the investigation into alleged banking crimes committed by PT Bank Perkreditan Rakyat (BPR) Panca Dana.
In this case, the OJK has named three suspects, namely AK, the former Director; MM, a Customer Service employee; and VAS, the Head of the Operational Division.
“We have handed over the case files to the Public Prosecutor and they have been declared complete (P.21),” said the Head of the Financial Literacy, Inclusion and Communication Department of the OJK, M. Ismail Riyadi, in a written statement, quoted on Wednesday, February 25, 2026.
He said that the OJK investigators had carried out phase II, which involved the handover of the suspects and evidence to the Public Prosecutor at the Depok District Attorney’s Office, on Monday, February 23, 2026.
The investigation is a follow-up to the OJK’s supervisory process, which is carried out in stages, starting from routine supervision, special examinations, to investigations. This is part of the OJK’s commitment to enforcing the law firmly and consistently in the financial services sector.
Based on the results of the investigation, Ismail said that investigators found two modus operandi of the alleged banking crimes.
First, in the period from October 2018 to May 2024, the suspects AK, VAS, and MM allegedly intentionally caused false entries in the bank’s books and/or documents by disbursing 96 deposit certificates in the names of 35 depositors without their knowledge, with a total value of Rp 14,024,517,848.00.
The funds were allegedly used for personal interests, payment of interest on deposits that had been disbursed without the knowledge of the depositors, and to replace funds from deposits that had previously been misused.
The second modus operandi, in the period from May 2020 to May 2024, the suspect AK allegedly initiated, ordered, and approved the granting of fictitious credit to 660 credit facilities to 646 debtors.
The outstanding balance was recorded at Rp 32,430,827,831.00 as of August 2024. The granting of the credit deviated from the applicable provisions and was allegedly intended, among other things, to maintain the ratio of non-performing loans (NPL) of the BPR, and some of the credit funds were used for the personal interests of the suspect and other parties.
For these actions, the suspects are suspected of violating Article 49 paragraph (1) letters a and/or c of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector, which is an amendment to Law Number 7 of 1992 concerning Banking, in conjunction with Article 20 letter c of the Criminal Code and Article 127 paragraph (1) of the Criminal Code.
The suspects face a maximum prison sentence of 15 years and a maximum fine of Rp 5 billion.
In this case, the OJK investigators also confiscated evidence that is allegedly the result of criminal acts, in the form of land and buildings in the Sawangan area, Depok City, one unit of a car, jewelry, and other evidence.
The OJK affirmed that this law enforcement process does not disrupt the bank’s operational activities, and the bank has been cooperative in assisting the investigators. The action was taken against the management and employees as an effort to maintain the integrity of the banking industry and protect the interests and trust of the public in the financial services sector.
In handling criminal acts in the financial services sector, Ismail said, the OJK coordinates and works with law enforcement agencies, including the Police and the Prosecutor’s Office. The OJK will continue to carry out law enforcement firmly, consistently, and sustainably against any party that is suspected of committing violations in the financial services sector.
Editor’s Choice: Who is the Ideal Figure for the OJK Board of Commissioners?