Indonesian Political, Business & Finance News

OJK Summons KoinWorks Shareholders After Three Executives Are Detained

| | Source: KOMPAS Translated from Indonesian | Regulation
OJK Summons KoinWorks Shareholders After Three Executives Are Detained
Image: KOMPAS

Jakarta - The Financial Services Authority (OJK) has summoned the shareholders of PT Lunaria Annua Teknologi (LAT) after three company executives were detained by the Jakarta High Prosecutor’s Office (Kejati DKI Jakarta). The detention is related to alleged corruption in the KoinWorks case. PT LAT holds an official OJK licence for operating KoinP2P under the KoinWorks ecosystem. “OJK is currently continuing to intensively monitor KoinP2P as an Information Technology-based Collective Funding Service Provider (LPBBTI/Pindar),” said Agus in a written statement on Friday (8/5/2026). In response to the legal proceedings, OJK has called the company’s management and shareholders to ensure their commitment to maintaining the continuity of the KoinP2P business. This commitment includes operations and services to the public continuing in accordance with regulations. “(OJK) is calling the KoinP2P management and shareholders to request a commitment to resolving the issues, particularly regarding obligations to lenders (loan providers),” said Agus. These steps are taken to safeguard business continuity and public services. In addition, OJK will conduct direct examinations and a comprehensive evaluation of KoinP2P’s operations, infrastructure, governance, and business model. OJK will also instruct the necessary improvement measures that the company must undertake. “(OJK) is conducting a special examination or investigative audit in accordance with applicable provisions,” he added.

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