Allegedly Involved in Financing of Fictitious Rp15.47 Billion, OJK Seized 41 Properties in the GP BPRS Case

OJK officers (OJK)

JAKARTA - The Financial Services Authority (OJK) seized and secured 41 assets suspected of being related to criminal acts of Islamic banking at PT Bank Pembiayaan Rakyat Syariah (BPRS) Gebu Prima (GP), Medan, North Sumatra.

Head of the Department of Surveillance and Policy of the Integrated Financial Services Sector of the OJK, Agus Firmansyah, said that this step was part of the law enforcement process as well as an effort to recover bank losses (asset recovery) in cases that are currently still in the investigation phase.

"The seizure of assets was carried out on June 17-18, 2026 after obtaining an official determination from the local District Court," he said in his statement, Sunday, June 21.

He added that this action was the result of intensive asset tracing to secure evidence and optimize the recovery of assets suspected of originating from criminal acts.

As many as 41 seized assets consist of land and buildings spread across a number of areas in North Sumatra, with details including eight buildings in Medan City and Deli Serdang Regency, 29 land plots with ownership rights certificates (SHM) status in Medan and Deli Serdang, two assets in Binjai City, and two other assets in Pangkalan Susu, Langkat Regency.

Agus said that during the investigation process, OJK found indications that some of the collateral for financing was not perfectly tied in accordance with applicable laws and regulations and only used the Purchase and Sale Binding Agreement (PPJB).

He added that the search and seizure of assets were considered important to support the effectiveness of the legal process as well as maximize asset recovery.

"The investigation of this case was carried out for alleged acts of Islamic banking crimes that occurred at PT BPRS GP, which had previously been revoked by OJK on April 17, 2025. The case involves Sdri. IP as the President Director and Sdr. MIL as the end user of the funds," he explained.

Based on the results of the investigation, in the period from October 2019 to March 2024, the respondents allegedly made false entries in the books and documents of banking transactions.

The modus operandi used includes channeling 35 financing facilities in the name of 34 nominee customers or borrowing names, with a total financing ceiling of IDR 15.47 billion.

He explained that the funding was allegedly provided using invalid identity documents and supporting documents, and not through the financing procedures as required.

"The funds from the disbursement of financing are suspected to have been used for personal interests and to cover other problematic financing so as to affect the quality of bank financing," he explained.

For the alleged acts, the respondents are suspected of violating the criminal provisions in Law Number 21 of 2008 concerning Islamic Banking as amended by Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK), as well as a number of other relevant criminal provisions.

"The success of the seizure of these assets is the result of synergy and coordination between the OJK and the National Police of the Republic of Indonesia, the Prosecutor's Office, the Court, and the Deposit Insurance Corporation," he said.

He added that OJK will continue to strengthen efforts to trace assets and enforce the law against any perpetrators of criminal acts in the financial services sector.

According to him, this step was taken to maintain the integrity of the financial industry, protect the public interest, and strengthen public confidence in the national financial services system.