OJK Urges Cirebon Residents To Majalengka To Be More Alert To Illegal Investments

Photo: Special

JAKARTA - The Financial Services Authority (OJK) urges people in Cirebon, Indramayu, Majalengka and Kuningan (Ciayumajakuning) to be more alert to illegal investment and online loans (pinjol) offers that are still circulating.

"We urge the public not to be easily tempted by illegal investment offers or borrowing. This follows the latest findings from the DEFINITE Task Force which stopped eight financial entities without permission," said Head of OJK Cirebon Agus Muntholib as reported by ANTARA, Sunday, February 9.

The eight entities, Agus explained, offered various investment schemes and financial services that were not registered with the competent authority.

He asked the public in Ciayumajakuning to always check entities that offer financial services, whether they have been registered and supervised by the OJK or not.

"We ask the public to always check the legality of financial services through the official OJK website or OJK service contacts before making transactions to avoid the risk of illegal financial practices," he said.

According to him, the mode used by illegal entities is quite diverse, ranging from half-time job offerings to artificial intelligence (AI)-based investments.

"In addition to the appeal, we also routinely carry out financial education activities so that people avoid this illegal activity," he said.

Agus said that from 2017 to December 31, 2024, the DEFINITE Task Force had stopped 12,185 illegal financial entities.

This amount consists of 1,737 illegal investment entities, 10,197 illegal lending entities, and 251 illegal pawning entities.

Illegal loans not only provide very high interest rates, but often misuse personal data of borrowers. This is very dangerous and can lead to intimidation or dissemination of personal data," he said.