OJK Seizes 41 Assets in Alleged Sharia Banking Crime at BPRS GP Medan

The Financial Services Authority (OJK) has seized and secured 41 assets allegedly linked to a sharia banking crime at PT Bank Pembiayaan Rakyat Syariah (BPRS) GP in Medan, North Sumatra. “This step is part of law enforcement efforts and bank asset recovery in the ongoing investigation process,” said Agus Firmansyah, Head of the OJK’s Integrated Financial Services Sector Surveillance and Policy Department, in an official statement in Jakarta on Sunday. The asset seizure was carried out by the OJK on 17-18 June 2026, after obtaining official approval from the local District Court. “This action is the result of intensive asset tracing conducted by OJK investigators to secure evidence while optimising the recovery of assets suspected to originate from criminal proceeds,” Agus said. During the investigation, the OJK found indications that some financing collateral was not perfectly bound in accordance with legal provisions and only used a Sale and Purchase Binding Agreement instrument. “Therefore, the steps of tracing and seizing assets are important to ensure the effectiveness of the law enforcement and asset recovery process,” Agus stated. Agus explained that the investigation concerns an alleged sharia banking crime that occurred at PT BPRS GP, whose business licence was previously revoked by the OJK on 17 April 2025. “The case involves Ms IP as the President Director and Mr MIL as the end user of the funds,” Agus said.