Indonesia's Financial Services Authority announced that its investigators, working with investigators from the North Kalimantan Regional Police, have completed a criminal investigation into alleged banking offences involving directors and office heads at PT BPD Kalimantan Timur dan Kalimantan Utara (Bankkaltimtara) in its North Kalimantan regional office and Tanjung Selor branch, together with a number of debtors. The investigation, which followed OJK supervision ranging from a special examination through to inquiry and formal investigation, found alleged intentional false entries in bank documents and reports in the granting of 47 credit facilities to 16 debtors between November 2022 and March 2024. OJK applied Article 49(1)(a) and Article 49(2) of the Banking Law, as last amended via Article 14 of the 2023 Financial Sector Development and Strengthening Law (P2SK Law). In parallel, the North Kalimantan Regional Police are investigating the same matter under Article 25 of the Anti-Corruption Law. OJK stated that its investigative work is intended to fully support the police anti-corruption enforcement process, which prioritises recovery of state losses.
OJK 2025-12-06
Indonesia's Financial Services Authority completes criminal investigation into alleged false recording in 47 Bankkaltimtara credit facilities
Indonesia's Financial Services Authority (OJK) and the North Kalimantan Regional Police completed a criminal investigation into alleged banking offences at PT BPD Kalimantan Timur dan Kalimantan Utara (Bankkaltimtara). The investigation uncovered alleged false entries in bank documents related to 47 credit facilities granted to 16 debtors. OJK applied relevant articles of the Banking Law and the 2023 Financial Sector Development and Strengthening Law, while the police are investigating under the Anti-Corruption Law, focusing on state loss recovery.