OJK Updates Latest News On Investree's Failure To Pay Investree

JAKARTA - The Financial Services Authority (OJK) said it had carried out inspections, monitoring developments, as well as steps to resolve the case of PT Investreewas Jaya (Investree). Chief Executive of Financing Institution Supervisory, Ventura Capital Company, LKM and Other LJK, Agusman, said that the OJK had conducted an examination and monitoring of developments and settlement steps taken by Investree, either related to handling bad loans or related to alleged fraud. "OJK also continues to monitor the progress of the fulfillment of Investree equity, one of which is by holding meetings with shareholder representatives," he said in a written response sheet quoted, Sunday, March 10, 2024. August conveyed from the results of the meeting with Investree, it is known that shareholders are still committed to maintaining the company's going concern, among others by seeking additional capital, increasing business efficiency and helping to resolve bad credit, one of which is through collection efforts.

The OJK will take further supervision measures in accordance with existing regulations and coordinate with law enforcement officials (APH) if any indications of criminal violations are found. For information on January 13, 2024, the OJK has given administrative sanctions to Investree because it is considered to have violated the provisions for lending or credit.