PPATK Blocked 33 Accounts of PT Dana Syariah Indonesia Affiliates with a Total of Rp4 Billion

Blocked account (Unsplash)

JAKARTA - The Financial Transaction Reporting and Analysis Center (PPATK) reported that it had blocked a number of accounts affiliated with PT Dana Syariah Indonesia (DSI), as a follow-up to the request of the Financial Services Authority (OJK).

Deputy for Analysis and Inspection of PPATK Danang Tri Hartono explained that PPATK had blocked 33 accounts affiliated with DSI, with funds remaining in the account worth Rp4 billion.

"We have stopped transactions from DSI and several affiliated parties since December 18, 2025, to 33 accounts with a balance of around Rp4 billion," said Danang, quoting Antara.

Throughout the period 2021-2025, Danang reported that DSI had collected lender funds of IDR 7.48 trillion, of which IDR 6.2 trillion had been returned to DSI lenders.

"The total that has been returned to the community in the form of returns is IDR 6.2 trillion, so there is a difference in funds that have not been returned to the community of approximately IDR 1.2 trillion," said Danang.

His party suspects that the difference in funds was channeled to companies affiliated with DSI amounting to Rp796 billion, and transferred to individuals or other affiliated entities of Rp218 billion.

In addition, it is used for company operations including electricity, internet, rent, and employee salaries of IDR 167 billion.

"So indeed, if the flow of funds that enjoy this is the affiliates of the company (DSI)," said Danang.

Furthermore, Danang assessed that the business scheme run by DSI is a ponzi scheme disguised as a peer to peer (P2P) lending based on sharia.

"If from the scheme that we have observed, this is a ponzi scheme in the guise of sharia," said Danang.

Previously, OJK asked PPATK to trace financial transactions in the account belonging to the fintech lending platform PT Dana Syariah Indonesia (DSI) which is now facing a default case.

"OJK has asked PPATK to conduct a search for DSI's financial transactions and PPATK has blocked DSI's accounts," said Deputy Commissioner for the Behavior of Financial Service Business Operators and Consumer Protection at the OJK, Rizal Ramadhani.

Rizal said that to date, his party has issued 15 supervisory sanctions against the online financing platform development company.

The sanctions include Business Activity Restrictions (PKU) since October 15, 2025, so that the company focuses on completing obligations to investors or lenders and does not carry out new funding activities during the freezing period.