Indonesia's Financial Services Authority (OJK) has concluded its criminal investigation into alleged financial services sector offences involving two members of PT Investree Radhika Jaya’s management and has handed over the suspects and case evidence to the South Jakarta District Prosecutor’s Office for prosecution. The handover (Stage II) covered suspects AAG and APP and followed the public prosecutor’s confirmation that the case file was complete (P-21). The alleged conduct occurred from 2017 to 2023 and involved raising funds from the public without authorisation as an unregistered lender, coupled with promises of fixed monthly returns, which OJK said could cause public losses and undermine the integrity of the financial services sector. The suspects are alleged to have breached Article 237(a) of Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector, which carries potential imprisonment of five to 10 years and fines ranging from IDR 1 billion to IDR 1 trillion. OJK also set out the cross-agency steps taken after the suspects were found to be in Doha, Qatar, including coordination that led to a wanted persons listing and an Interpol Red Notice issued on 14 November 2024, an extradition request to the Government of Qatar, and passport revocation. The suspects were repatriated to Indonesia on 26 September 2025 and held at the Criminal Investigation Agency’s detention facility pending further legal process, which now proceeds under the prosecution stage.
OJK 2026-01-22
Indonesia's Financial Services Authority transfers Investree Radhika Jaya suspects and evidence to South Jakarta prosecutors
Indonesia's Financial Services Authority (OJK) has completed its criminal investigation into alleged financial offences by two PT Investree Radhika Jaya managers, handing over the suspects and evidence to the South Jakarta District Prosecutor’s Office. The suspects, accused of unauthorized public fundraising and promising fixed returns, face charges under Article 237(a) of Law No. 4 of 2023, with potential penalties of five to 10 years imprisonment and fines from IDR 1 billion to IDR 1 trillion.