JAKARTA - The Financial Services Authority (OJK) revoked the business permit of PT Varia Intra Finance (VIF) because this financing company has been designated as a company that cannot be healed, based on the provisions of Article 38 of POJK Number 49 of 2024.
The revocation of the business license is in accordance with the Decree of the OJK Commissioner Board Member Number KEP-3/D.06/2026 dated January 20, 2026.
Quoting Antara, Head of the Department of Literacy, Financial Inclusion and Communication of the OJK, M. Ismail Riyadi, said that the regulator had given PT VIF enough time to implement corrective measures to fulfill the provisions as stated in the special supervisory status action plan.
However, until the deadline for the special supervision status expires, PT VIF has not been able to meet the criteria as a company that can be healthy. Then, OJK revoked the company's business license.
This is in accordance with the provisions of Article 38 paragraph (1) and paragraph (2) of POJK Number 49 of 2024 as amended by POJK Number 25 of 2025 concerning Changes to POJK Number 49 of 2024.
The supervisory actions carried out by OJK, including the revocation of the business license of PT VIF, were carried out in order to implement the provisions of laws and regulations consistently and firmly to create a healthy financing company industry and maintain public confidence.
With the revocation of the business license, PT VIF is prohibited from carrying out business activities in the field of financing companies and is prohibited from using the words "finance", financing, and/or words that characterize the activities of financing companies, in the company's name.
Furthermore, PT VIF is required to settle its rights and obligations in accordance with the provisions of applicable laws and regulations.
In this case, the company must settle the rights and obligations of debtors, creditors and/or other parties, as well as hold a general meeting of shareholders within 30 working days from the date of revocation of the business license to decide on the dissolution of the legal entity PT VIF and form a liquidation team.
In addition, companies are required to provide clear information to debtors, creditors and/or other interested parties regarding the mechanism for settling rights and obligations.
The company must also appoint a person in charge and employees who serve as the Task Force and Service Center to serve the interests of debtors and the public until the liquidation team is formed and must be reported to OJK within five working days from the notification of the revocation of the business license from OJK.
Regarding this, debtors or the public can contact PT VIF at the telephone number (021) 3802865 or Whatsapp 0851-1770-7778, email (email) [email protected], and address Asean Tower Floor 2, Jalan K. H. Samanhudi, Number 10, Jakarta 10710.
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