Eradicating Illegal Pijol, OJK Will Open Complaints And Consultant Posts In All Regional Offices

The Financial Services Authority (OJK) will strengthen the Investment Alert Task Force both institutionally and infrastructure by planning to open an illegal investment complaint post and illegal online loans (pinjol) at every OJK regional office.

Deputy Chairman of the OJK Board of Commissioners Mirza Adityaswara said the opening of the complaint post would be carried out in stages.

"OJK plans to open a post for illegal investment complaints and illegal loans," he said at a press conference on the results of the OJK Board of Commissioners' Meeting (RDK) which was held virtually, Monday, January 2.

Mirza said, apart from establishing a complaint post, the OJK will also continue to intensify socialization related to the alert for illegal investment and its handling.

This will continue to be done in order to provide a comprehensive understanding for the community so that they can avoid various kinds of illegal borrowing and pawning investments.

Mirza reported that throughout 2022 the OJK had taken action against 698 illegal online loans, 106 illegal investment entities and 91 illegal pawning entities.

In December 2022, he also reported that 80 illegal loans had been taken, 9 illegal investment entities and 9 illegal pawning entities.

"OJK together with 11 Ministries/Institutions (KL) will continue their collaboration in the investment alert task force coordination forum," explained Mirza.

Citing data released by the Financial Services Authority, the value of public losses for illegal financial services activities, especially fraudulent investments (bodong) has reached Rp117.5 trillion.

This value is the accumulation of cases that have been recorded from 2021 to early 2022.