Minister Of Cooperatives And Small Medium Enterprises Supervises KSP Indosurya Cassation Process

Minister of Cooperatives and Small and Medium Enterprises Teten Masduki at the Focus Group Discussion (FGD) themed Review of the Case of the Indosurya Savings and Loans Cooperative, at the Office of the Coordinating Ministry for Political, Legal and Security Affairs, Jakarta, Tuesday (7/3/2023). ANTARA/HO-Humas Kemenkop UKM.

JAKARTA - The Minister of Cooperatives and Small and Medium Enterprises (Menkop UKM) Teten Masduki emphasized his support and will oversee the appeal process to the Supreme Court which was rolled out by the Attorney General's Office in the case of the Indosurya Cipta Savings and Loans Cooperative (KSP Indosurya).

In a Focus Group Discussion (FGD) themed Review of the Indosurya Savings and Loans Cooperative Case, at the Office of the Coordinating Ministry for Political, Legal and Security Affairs, Jakarta, Tuesday, the Coordinating Minister for UKM said that the Panel of Judges at the West Jakarta District Court (PN) considered that the defendant HS was innocent of the crime of fraud and embezzlement of funds. Indosurya KSP customers.

"Therefore, together with the Coordinating Minister for Political, Legal, and Security Affairs, we hope that the Deputy Attorney General for General Crimes (Jampidum) will continue to carry out the cassation process. We will oversee it together," he said as reported by ANTARA, Tuesday, March 7.

In the event which was also attended by the Junior Attorney General for General Crimes (Jampidum) Fadil Zumhana, Teten Masduki believes that Jampidum has the power of data to carry out the cassation process. Moreover, the data related to embezzlement by KSP Indosurya is complete.

"All that remains is how to synergize the sentencing process with the fulfillment of obligations towards members," he said.

Minister Teten also believes that the most appropriate solution for resolving the Indosurya KSP case is asset-based resolution and cannot use a bail-out mechanism such as banking.

Teten said the government's job is to return the members' money that has been embezzled.

According to him, the Debt Payment Obligation Suspension (PKPU) process, which has been guarded by the government through the task force, is ineffective because the assets and money in the cooperative are gone.

As a result, there will be no punishment if PKPU is not implemented. So that the sentencing process is considered as a way to withdraw members' assets.

Apart from that, he also acknowledged that the trial process for the Indosurya case was heavier on the Cooperative Law, because that was where the weak points in cooperative supervision were, so the Cooperative Law would be revised.

"Indosurya is well aware, they set up a cooperative because we are weak in supervising it. So, Indosurya avoids the supervision of the OJK which is powerful," he also said.