PT Lunaria Annua Teknologi (PT LAT), operator of fintech platform KoinP2P under the KoinWorks brand, responded to an alleged corruption case involving its executives after three company officials were named suspects and detained by the Jakarta High Prosecutor’s Office (11/05).

The company stated it respects the ongoing legal process and upholds the principle of presumption of innocence.

Three PT LAT Executives Named as Suspects

The three suspects are BAA, Operational Director of PT LAT from 2021 until now, BH, President Director of PT LAT from 2015 to 2022 and Commissioner from 2022 until now, and JB, President Director of PT LAT from 2024 until now.

The case is related to alleged corruption in credit distribution involving a state-owned bank through fintech platform KoinWorks.

According to prosecutors, the suspects, as PT LAT management, worked together using improper analysis methods. They also allegedly submitted and distributed unlawful financing from a state-owned bank to several customers.

KoinP2P Says Case Linked to Funding Cooperation Scheme

KoinP2P stated that the case is connected to one institutional funding cooperation scheme, or channeling, with a state-owned bank.

The company explained that the financing process was carried out through a cooperation mechanism between the platform and the state-owned bank based on each party’s role in the financing distribution agreement.

“KoinP2P respects the ongoing legal process and believes that all facts and the role of each party in the financing distribution cooperation scheme can be explained more fully and transparently through the applicable legal mechanism,” the company said in a statement issued Monday.

KoinP2P also stated that its operational activities and services to users continue to run normally, including collection processes for borrowers.

OJK Conducts Intensive Supervision of KoinP2P

Indonesia’s Financial Services Authority (OJK) stated that it respects and fully supports the ongoing legal enforcement process.

Agus Firmansyah, Head of the Integrated Financial Services Sector Surveillance and Policy Department, said OJK continues to intensively supervise KoinP2P as an Information Technology-Based Joint Funding Service provider.

“OJK is currently continuing intensive supervision of KoinP2P as an Information Technology-Based Joint Funding Service provider,” Agus said in a written statement on Friday (08/05).

PHOTO: BISNIS.COM/KOINWORKS

This article was created with AI assistance.

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