People Don't Be Easily Fooled By Investment Offers With Fantastic Profits, OJK: If Consumers Are Negligent, It's Their Own Responsibility As A Result

Illustration. (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) urges all people not to be easily deceived and tempted by investment offers that offer fantastic profits, in response to reports related to the alleged loss of customer funds at Bank BTN.

"Banks are obliged to be responsible if they are proven to have errors on the bank and the OJK can impose sanctions," said OJK Consumer Friderica Widyasari Dewi, Chief Executive of the Behavior Supervisory of Financial Services, Education and Protection Business Actors, in Jakarta, quoted from Antara, Thursday, May 16.

However, if the error is in the form of negligence on the consumer side, the funds that are claimed to be lost will not be replaced by the bank.

OJK is currently investigating the case and has summoned 17 related consumers for questioning regarding the loss of customer funds.

Friderica shared a number of tips to avoid fraudulent investments, namely not being easily tempted by fantastic profit promises, checking the legality of investment offers, storing ownership documents and transaction evidence, and not easily believing in individuals who offer investment deposits or transfer deposits.

"The more profit promised, the greater the potential for fraud. So that your savings is guaranteed by the Deposit Insurance Corporation (LPS), make sure the interest does not exceed the LPS guarantee interest rate," he said.

The public can check the legality of investment offers by contacting or visiting the financial service institution to ensure the truth of the investment products offered.

"Save well the investment ownership document and all proof of transaction so that it is not misused. Bank savings must be recorded in bank bookkeeping," he said.