Police Seize Office and Land Worth Rp300 Billion in PT DSI Fraud Case

The Indonesian National Police’s Special Economic Crime Directorate has seized total assets valued at Rp300 billion in connection with allegations of fraud by PT Dana Syariah Indonesia (DSI), with losses reaching Rp2.4 trillion.

Brigadier General Ade Safri Simanjuntak, Director of the Special Economic Crime Unit at the National Police’s Criminal Investigation Directorate, stated that the asset seizure represents efforts to recover losses for victims (lenders) over the period from 2018 to 2025.

He explained that the seized assets belong to three suspects currently in detention: PT DSI Chief Executive Taufiq Aljufri, former PT DSI Director Mery Yuniarni, and PT DSI Commissioner Arie Rizal Lesmana.

“The assets include moveable and immovable property, receivables and cash,” he said in a written statement on Thursday (12 March).

Ade Safri stated that the seized assets encompass luxury properties, extensive land holdings across various regions, and cash held in dozens of bank accounts.

The property and land assets seized include the PT DSI office at Prosperity Tower (Units A, B, J) in SCBD South Jakarta, a shophouse in Buncit, 11,576 square metres of land in Bekasi, 5.3 hectares in Bandung, and 5,480 square metres in Deli Serdang. Additionally, 683 property certificates were seized. The police also froze 31 bank accounts containing Rp4 billion, blocked 13 deposit accounts worth Rp18.8 billion, and seized Rp2.15 billion in cash.

“Based on the forced asset seizure conducted by investigators, the total estimated value of assets secured is approximately Rp300 billion,” he explained.

Previously, Ade Safri described the fraud scheme, noting that PT DSI created fictitious investment projects by using existing borrower data and presenting them as new projects to deceive investors.

The fraud affected approximately 15,000 victims with total losses of Rp2.4 trillion during the 2018-2025 period.

The National Police Criminal Investigation Directorate has also frozen 63 accounts belonging to PT DSI and its affiliates, and seized Rp4 billion from 41 bank accounts in total. The authorities also confiscated motor vehicles suspected to be proceeds of PT DSI’s fraud scheme.

The three suspects face charges under Articles 488, 486, and 492 of the Indonesian Criminal Code, Articles 45A(1) read with Article 28(1) of the Information and Electronic Transactions Law, Article 299 of the Law on the Development and Strengthening of the Financial Sector, and Articles 607(1) a, b, and c of the Indonesian Criminal Code.