Behind Iwan Sunito's Hard Work Looking For Investors In Indonesia

JAKARTA - In recent months, property entrepreneur Iwan Sunito has appeared active on various media platforms and several exclusive events in Indonesia.

Through his new company, One Global Capital, Iwan held a roadshow titled Invest Like a Billionaire in big cities, offering property investment opportunities in Sydney to Indonesian investors.

However, the story of success brought to Indonesia is very different from the reality that is being faced in Australia. Iwan experienced liquidation pressure from the Supreme Court of New South Wales, Australia, on March 26, 2025.

The Supreme Court has officially ordered liquidation of CII Group Pty Ltd, a company owned by Iwan Sunito that previously held up to 50% of shares in Crown Group Holdings Pty Ltd.

In a report written by lawyers Joseph Scarcella, Emily Barrett and Sivanjali Karalasingham, partners from Johnson Winter Slattery (JWS)'s attorney office, known to focus on business laws and investment management in Australia, said the ruling made Iwan lose control of the Crown Group.

A similar article was also published by The Australian Financial Review (AFR) on May 15, 2025. Iwan Sunito's legal efforts to postpone the liquidation process have been rejected by the court because he has no solid facts. In fact, the asset report he submitted was only in the form of a spreadsheet that could not be verified

Debt arrears amounted to millions of dollars, including to educational institutions such as Dunmore Lang College and large creditors such as Hong Kong investment group PAG.

Pty Ltd's Crown Group Holding itself is currently still in the process of provisional liquidation which was submitted to court by former business partner Iwan Sunito because there is no way out to continue the company's operations and also harm many other parties.

Shortly after losing the Crown Group, Iwan founded a new entity called One Global Capital, which is now actively marketing properties such as the One Global Gallery in Eastlakes, Sydney. The project is claimed to have a 90 percent occupancy rate and a value increase of more than 40 percent since the acquisition.

In the One Global Capital promotion program delivered on several occasions with target small investors and beginners, they were promised with high investment returns and "billionaire property"-style success.

Regarding the promise of the investment return rate, the Financial Services Consumer Service (OJK) Instagram account, namely @kontak157, has reminded the public.

According to the OJK through the institution's official accounts, fraud is currently rampant under the guise of investment. Moreover, international investment frills that promise big profits. The public is advised to be aware of the cunning modes used by irresponsible persons to ensnare victims.

This fraud mode often stems from advertisements on social media that look convincing, even involving famous figures to attract attention. After successfully captivating the victim, the perpetrator will slowly build trust until the victim is tempted to invest his money.

Unfortunately, the money that has been deposited is often unable to be withdrawn, causing the victim to suffer heavy losses. Investors are expected to see and be careful because there is no guarantee of return on capital. Like investment in property abroad, investors are expected to understand how the investment is influenced by local law.

In securing investment, investors are advised to due diligence on companies and individuals managing the property offered.

For individual and retail investors in Indonesia, especially those who are tempted by past reputations or high yield offers, it is important to understand that project owners do not always have full financial control over their assets.

"Be aware. Liquidators and creditors are entitled to the proceeds from selling assets before any funds can be channeled to new investors. Especially for novice investors who have just started building their financial future, investment should not be made just because of impressive presentations, but must be based on data, transparency and integrity."

In addition, there is no legal guarantee that investment through new entities will be safe, especially if it is done outside the banking system or without regulatory supervision.