Indonesian Political, Business & Finance News

Purbaya Lures Investors to Buy Patriot Bonds: 'I'll Give You Six Months!'

| Source: VIVA Translated from Indonesian | Economy
Purbaya Lures Investors to Buy Patriot Bonds: 'I'll Give You Six Months!'
Image: VIVA

Finance Minister Purbaya Yudhi Sadewa is encouraging investors to purchase the Patriot Bond and Merah Putih Bond issued by BPI Danantara, assuring them of special treatment. He confirmed that the government will not investigate the source of funds used to buy these bonds, even if the money originates from illegal activities.

To this end, Purbaya has given investors a six-month window to invest in the Danantara bonds. “If you have a lot of money, put it into these (Patriot Bond and Merah Putih Bond) quickly. As I said, I am giving you six months to get in,” he stated at Tanjung Priok Port in North Jakarta on Tuesday, 23 June 2026.

When asked whether this policy could potentially facilitate money laundering, Purbaya argued that the objective is to bring the funds into the national financial system. He noted that while the origin of the money for purchasing these bonds will not be traced, the government will still examine the tax aspects of the investors’ other assets.

“Let the money enter the system, rather than having it remain outside. There is a slight loss, but in my view, the simple fact is that the money enters our economy and we can use it for development,” he said.

The government is providing this special treatment for investors buying Patriot Bond and Merah Putih Bond 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 forms of prosecution, including general criminal prosecution, special criminal prosecution including tax crimes, and all forms of civil lawsuits.

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