Three Suspects in Dana Syariah Indonesia Embezzlement Case to Stand Trial
The Directorate of Special Economic Crimes (Dittipideksus) of the Indonesian National Police’s Criminal Investigation Agency (Bareskrim) has transferred the case files of three suspects in the alleged fraud and embezzlement case at PT Dana Syariah Indonesia (PT DSI) to the Depok District Prosecutor’s Office. The three suspects are President Director Taufiq Aljufri (TA), former Director Mery Yuniarni (MY), and Commissioner Arie Rizal Lesmana (ARL).
Dirtipideksus Brigadier General Ade Safri Simanjuntak stated that the investigation files for the three suspects have been declared complete, or P21. The handover of the suspects and evidence took place on Tuesday, 9 June. The evidence submitted includes 11 immovable assets (offices, shop houses, apartments, and land) in Jakarta, West Java, Banten, and North Sumatra valued at Rp 143 billion; 642 land title certificates belonging to PT DSI borrowers with a mortgage value of Rp 153 billion; 13 time deposits belonging to PT DSI and PT Multiguna Cipta Mandala (PT MCM) worth Rp 18 billion; cash and bank account balances totalling Rp 7 billion, including USD 1,092 in foreign currency; and four motor vehicles valued at Rp 500 million. The total value of assets seized in this case amounts to approximately Rp 320 billion.
Ade Safri added that investigators are still tracing other assets worth Rp 130 billion, which will be seized for the case files of other suspects. The police have divided the handling of the PT DSI case into four separate case files. In addition to the three executives who have been handed over, other suspects are still being processed, including a former president director of PT DSI (AS) in the second case file, a former OJK official from the 2017-2018 period (FH) in the third, and the corporate entity PT DSI itself in the fourth.
The case began when Bareskrim received four reports from the public regarding PT DSI’s alleged failure to pay its lenders. During a hearing with Commission III of the House of Representatives on 15 January 2026, Brigadier General Ade Safri confirmed the case had advanced to the investigation stage, noting that approximately 1,500 lenders had become victims. Bareskrim also revealed that PT DSI had been operating since 2018 without a business licence from the Financial Services Authority (OJK). The investigation uncovered a fictitious project scheme in which the perpetrators used existing borrower data to create fake projects, which were then offered to the public for investment without proper verification.