Indonesia's Financial Services Authority (OJK) announced it has completed its criminal investigation into alleged embezzlement of insurance premiums at insurance broker PT Bintang Jasa Selaras Insurance Broker and has transferred the suspects and evidence to prosecutors. The case relates to alleged premium embezzlement between 2018 and 2022 involving IDR 3,047,941,323 belonging to policyholder Perumda BPR Bank Kota Bogor and IDR 3,929,491,020 belonging to PT Jamkrida Sulawesi Selatan. The suspects are WN (President Director) and EHC (Director) of PT Bintang Jasa Selaras Insurance Broker. OJK’s case file submission to the public prosecutor was declared complete (P.21), enabling the Stage 2 handover of suspects and evidence at the Central Jakarta District Prosecutor’s Office on 27 November 2025; the alleged offence is cited under Article 76 of Law No. 40 of 2014 on Insurance in conjunction with relevant Indonesian Criminal Code provisions, which provides for imprisonment of up to five years and a fine of up to IDR 5,000,000,000.
OJK 2025-12-03
Indonesia's Financial Services Authority hands over PT Bintang Jasa Selaras Insurance Broker executives to prosecutors over alleged premium embezzlement
Indonesia's Financial Services Authority (OJK) has concluded its criminal investigation into alleged embezzlement of insurance premiums by PT Bintang Jasa Selaras Insurance Broker, involving over IDR 6.9 billion. The suspects, WN and EHC, have been handed over to prosecutors, with charges under Article 76 of Law No. 40 of 2014 on Insurance, which carries penalties of up to five years imprisonment and a fine of IDR 5 billion.