OJK: Influencer Ahmad Rafif Uses Investor Tipian Funds To Pay Employee Salaries

Chief Executive of the Behavior Supervisory of Financial, Education and Protection Business Actors of the Financial Services Authority (OJK), Friderica Widyasari Dewi. (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) revealed that the funds from investors entrusted to influencer Ahmad Rafif Raya to invest were actually used to finance PT Satu Beli Saham operations, including to pay employee salaries.

"So, (investor funds) that are entrusted to be invested turn out to finance operations from paying employee salaries, then meetings at hotels, out-of-town trips, and others. This is used by using funds from customers who are actually entrusted with investment," said the Chief Executive of the Behavior Supervisory for Financial Services Business Actors, Education, and Consumer Protection of OJK Friderica Widyasari Dewi at a press conference on monthly RDK Results June 2024, in Jakarta, quoted from Antara, Tuesday 9 July.

The woman who is familiarly called Kiki said the estimated fund for the managed investor was around Rp. 96 billion. This is based on information submitted by Ahmad Rafif to the OJK.

"For managed funds or those who lose money, it is still a unilateral statement, which of course the Task Force will definitely validate by confirming with various related parties," he said.

Based on information from Ahmad Rafif, said Kiki, most investors received the solution offered by Ahmad Rafif to make all investment value the obligation in question which will be completed within 3 years. However, this, said Kiki, still needs to be confirmed again.

The return of losses scheme submitted included joining the business offered by its investors in the hope that the business will become an income for Rafif to pay off his obligations. This is once again necessary to be confirmed to related parties," Kiki added.

It is known that Ahmad Rafif is a shareholder and administrator of PT Saat Buying Shares. PT It's Time to Buy Shares does not have a business license from OJK as an investment manager and investment advisor.

Ahmad Rafif has a permit as Deputy Investment Manager (WMI) and Deputy Intermediary for Stock Traders (WPPE). WMI and WPPE act on behalf of securities companies that carry out business activities as investment managers and securities traders. However, WMI and WPPE are not permissions to offer investment, collect or manage public funds on behalf of individuals or individuals.

In this case, Kiki said that the OJK had issued certain action orders to Ahmad Rafif in the form of temporary suspension of WMI and WPPE permits until the law enforcement process was completed.

Meanwhile, Ahmad Rafif has made investment offers and even collected funds and management of public funds without this permit from 2022 until this year. Kiki said that the collection of public funds from the proceeds of the investment offer used the names of employees from PT It's Time to Buy Shares to open customer securities accounts in several securities companies.

On the same occasion, Chief Executive of Capital Market Supervisory, Derivative Finance and OJK Carbon Exchange Inarno Djajadi emphasized that collective investment management according to laws and regulations in Indonesia can only be carried out by investment managers.

Inarno said that the fund manager and/or effect in the form of investment management carried out by unauthorized persons was a violation, both violating Law (UU) Number 8 of 1995 concerning the Capital Market and Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector.

(UU) states that parties who can manage portfolios for collective investment portfolio effects and/or other investment portfolios for the benefit of a group of customers or individual customers must have an effect company license as an investment manager except for insurance companies, sharia insurance companies, pension funds, and banks. That's clear in the rules," said Inarno.