Purbaya Addresses Allegations Danantara Bonds Could Facilitate Money Laundering

Jakarta – The government will provide special treatment for investors purchasing Patriot Bond and Merah Putih Bond debt instruments issued by BPI Danantara. This is enacted through the latest Financial Sector Development and Strengthening Law (UU P2SK), where Article 50A paragraph (5) states that the state guarantees and protects the purchase of these special debt instruments from various prosecutions. These include prosecution for general crimes, prosecution for special crimes including tax crimes, and all forms of civil lawsuits.

When confirmed, Finance Minister Purbaya Yudhi Sadewa explained that under the regulation, the government does not question the origin of the funds used to purchase these bonds. However, he stressed that law enforcement can still be pursued outside of this context.

“The correct interpretation is that the money used for Patriot Bonds will not have its source scrutinised, that’s it,” Purbaya said at Tanjung Priok Port, North Jakarta, on Tuesday, 23 June 2026. “But if he has other businesses, those can still be pursued. If he conducts illegal business… but the money that has entered here is safe,” he added.

Rather than viewing the rule as potentially facilitating illegal money laundering practices, Purbaya stated that the measure is intended to keep funds within the national financial system. “Rather than the money remaining outside, it’s better to bring it into the system. There is a slight loss, but in my view, the money enters our economy. We can use it for development,” he explained.

For reference, Article 50A paragraph (5) of the UU P2SK affirms that the state guarantees and protects the purchase of these special debt instruments from general criminal prosecution, special criminal prosecution including tax crimes, and all forms of civil lawsuits.