Jouska's Journey Overturned: From Being A Referral To Stumbling On A Case Of Alleged Fraud
CEO PT Jouska Financial Indonesia Aakar Abyasa Fidzuno (Instagram / aakarbyasa)

JAKARTA - PT Jouska Finansial Indonesia CEO Aakar Abyasa Fidzuno has become a suspect in cases of alleged fraud, embezzlement, capital market crimes and money laundering. Aakar was like burying Jouska alive. From the beginning as a reference, until now stumbled upon a case of alleged fraud.

Head of Sub-Directorate V of IKNB Dittipideksus Bareskrim Kombes Ma'mun said that in the near future Aakar was summoned to undergo examination as a suspect. Currently, Aakar has not been detained because he is considered cooperative.

The determination of the suspect Aakar was based on the results of the case title on 7 September. Aakar is suspected of Article 103 paragraph 1 in conjunction with Article 30 and/or Article 103 paragraph 1 jo. Article 34 and/or Article 104 Jo. Article 90 and/or Article 104 Jo. Article 91 of Law No. 8 of 1995 concerning the Capital Market.

The case involving Aakar or Jouska himself has been widely heard since mid-2020. Citing a VOI article entitled 'Behavior' Jouska is Assessed as Damaging the Financial Planning Industry, in July 2020 there was a thread on Twitter by @yakobus_alvin showing a screenshot of the loss from the purchase of PT Sentral Mitra shares Informatics Tbk (LUCK).

The screenshot shows that the account holder suffered a loss of up to IDR 35.63 million from one of his stock portfolios. From the price of Rp.1,965, LUCK's shares plunged to the level of Rp. 394 per share.

He stated that he owned 43,500 shares of LUCK when the price was Rp1,965 per share. Alvin claims to have sold part of his portfolio, so that when LUCK's price plunged to Rp394 per share, his remaining ownership was 33,500 shares. The thread maker is known to use the services of Jouska.

Illustration (Michael Longmire/Unsplash)

In his thread, Alvin explained that he was very interested in using Jouska's services because he saw his booming and growing social media account. He feels Jouska can help him manage his finances and investments properly.

When you become a client of Jouska, there are several clauses in the contract. One of the clauses is to allow Jouska to manage the Investor Fund Account and assist in the transaction process. This is where the awkwardness begins to be felt. The reason is, Jouska does not have the right to manage his customers' investments.

The Indonesian Financial Planning Standards Board (FPSB) financial planner certification agency then questioned the type of business that Jouska was running. This is because Jouska claims to be an independent planning firm but should not accept money and manage customer funds.

In September 2020, Advocate Rinto Wardana representing 10 Jouska customers then reported Aakar Abyasa Fidzuno to Polda Metro Jaya. In his report, Rinto also reported allegations of money laundering which he said had caused 10 of his clients to suffer losses of up to Rp1 billion. which they invest in the accounts they open," said Rinto. "It is estimated that if I am not mistaken, it has reached Rp1 billion and above," he added.

Illustration (Carlos Muza/Unsplash)
Jouska's long road

PT Jouska Financial Indonesia is a financial consulting and advisory firm. Jouska's social media account, @jouska_id had become a destination for young people who wanted tips and tips on managing finances and investing.

His followers grew when Jouska shared his free financial tips. Through the tips provided by Jouska, investing looks so cool and becomes a trend for millennials. Jouska became a "role model" so as not to slack off and start investing.

The company was founded by Aakar Abyasa Fidzuno. Aakar founded Jouska in 2013. He is confident with an educational background in the financial sector. He studied at Ma Chung University.

In addition, prior to founding Jouska, Aakar was also a personal financial advisor. Quoting Kompas, the idea of establishing Jouska emerged from Aakar's experience helping tidy up an entrepreneur's investment portfolio.

Aakar learned a lot about personal financial management. During his work for about four years, Aakar met many clients who had a lot of money, but they had problems with management and ended up running out of money in a short time.

The man who was born in Banyuwangi on December 17, 1985, has been a speaker several times, such as at DJKN in 2018 and the Ministry of State Secretariat in 2019. In addition, he has won a number of awards, including Top Rookie National Agent (2018) and Top Premium Leader (2010).

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