The Indonesia Financial Services Authority has released details of a special examination of PT Dana Syariah Indonesia that traced lender fund flows and identified assets suspected to have been acquired using lender funds. The authority said it submitted the asset identification results to the Criminal Investigation Agency of the Indonesian National Police between February and May 2026 to support law enforcement and the resolution of lender funds under the applicable mechanism. The examination covered PT Dana Syariah Indonesia, its shareholders and management, and affiliated parties. To strengthen the evidentiary basis, the authority took statements from 32 parties, including shareholders, management, employees and other related parties. The review followed earlier supervisory actions, including an on-site examination in August to September 2025, a report to the police on Oct. 15, 2025 over suspected misuse of lender funds, administrative sanctions and business restrictions imposed the same day, special supervision status from Dec. 2, 2025, a written instruction issued on Dec. 10, 2025, and an examination of the public accountant that audited the company’s annual financial statements. The authority said it is continuing to coordinate with the police, the Attorney General’s Office, the Financial Transaction Reports and Analysis Center, and the Witness and Victim Protection Agency to support enforcement and optimize the resolution of PT Dana Syariah Indonesia lender funds.

Original source Back to tracker