PASTI Task Force Halts CANTVR and YUDIA, Alleged to Run Investment Scheme
JAKARTA – The Task Force for the Eradication of Illegal Financial Activities (Satgas PASTI) has halted the business activities of two entities suspected of running an investment scam and online part-time jobs, namely CANTVR and YUDIA. The two entities are believed to operate without clear legality and pose risks of harm to the public.
The Secretariat of Satgas PASTI, Hudiyanto, explained that CANTVR is suspected of fraud by impersonation or misuse of the name of a licensed foreign company. CANTVR is said to use a name resembling Cantor Fitzgerald, a financial company that holds official licences in the United States and Singapore.
Additionally, CANTVR is believed to be connected to Monexplora (MEX), because investment offers via the CANTVR platform were obtained from MEX. However, following clarification and verification, CANTVR is known to carry out business activities not in accordance with licences issued by the Ministry of Investment and Hilirisasi RI/BKPM. The applications or sites used are not registered as an Electronic System Operator (PSE) at the Ministry of Communications and Digital RI.
Meanwhile, MEX is known to have no legal entity in Indonesia, and the digital platforms used are not registered as PSE.
Hudiyanto disclosed that CANTVR is suspected of running a stock investment scam scheme via an app with a deposit funding method. Members were promised large profits and certain benefits based on membership level.
“In addition, CANTVR allocates random allocations of fictitious IPO shares to its members. The random allocations require members to make payments for the fictitious IPO shares,” he explained.
On the other hand, YUDIA is suspected of running an investment scam through a deposit funding scheme with daily tasks including watching Chinese drama films, purchasing rights to Chinese drama films, and recruiting new members or a member-get-member scheme to obtain daily income and additional bonuses.
Based on verification, YUDIA was found to operate without applying for further licences with the Ministry of Investment and Hilirisasi RI/BKPM. Additionally, the applications and websites used are not registered as Electronic System Operators at the Ministry of Communications and Digital RI.
Following these findings, Satgas PASTI formally halted the activities of CANTVR and YUDIA and will block access to the applications or related links. The Task Force will also coordinate with law enforcement agencies for further action.
Hudiyanto urged the public to remain vigilant against investment offers or financial activities that promise high, illogical profits, especially those using foreign company names without clear legality in Indonesia.
“People who feel they have been harmed are urged to report to local law enforcement authorities to speed up the handling process,” he said.
If there are indications of illegal investment offers or illegal online lending, the public can report them via the OJK’s official website sipasti.ojk.go.id, via OJK Contact 157, WhatsApp 081157157157, or email [email protected].
Meanwhile, for people who have become victims of financial transaction fraud, reporting can be done via the Indonesia Anti-Scam Centre (IASC) website to support swift blocking of perpetrators’ accounts.