#Fraud
Indonesia and UN partner to strengthen financial health amid rising digital fraud threats
Indonesia’s Financial Services Authority (OJK) has announced strong support for a new financial health initiative led by Queen Máxima of the Netherlands ‒ the United Nations Secretary-General’s Special Advocate for Financial Health (UNSGSA) ‒ as the country confronts a surge in digital financial scams.
Dutch Queen warns of rising digital financial fraud losses in Indonesia
Queen Máxima of the Netherlands has raised concerns over the alarming surge in digital financial fraud across Indonesia, warning that increasingly sophisticated scams are putting millions at risk.
From Chaoshan to Classrooms: Illegal Imports, Health Hazards, and Halal Concerns
In the third week of August 2025, the Indonesia Business Post investigative team traveled to Chaoshan, an industrial hub in Guangdong Province, China. The area, home to 30–40 factories producing food trays for global markets, also supplies trays for a number of importers involved in Indonesia’s “Makan Bergizi Gratis” (MBG) or Free Nutritious Meal program for school children.
OJK cracks down on rising fraud cases in fintech lending sector
The Financial Services Authority (OJK) has acknowledged a growing trend of deliberate loan defaults and fraud in the country’s peer-to-peer (P2P) lending sector -- known as digital lending -- with a number of fintech startups under scrutiny for alleged financial misconduct.
OJK criticizes appointment of fugitive Adrian Gunadi as CEO of Investree Doha
The Financial Services Authority (OJK) has strongly criticized the appointment of Adrian Gunadi, former CEO of Investree Indonesia, as the new CEO of JTA Investree Doha Consultancy, citing his status as a criminal suspect and a fugitive.
Authorities probe four major rice producers over alleged fraud, quality violations
The National Police's Food Task Force is investigating several rice producers suspected of violating quality standards and measurements.
Woori Bank uncovers US$78.5 million fraud at Indonesian subsidiary
South Korea’s Woori Bank, one of the country’s largest financial institutions, has disclosed a credit fraud scandal involving its Indonesian subsidiary, PT Bank Woori Saudara Indonesia (SDRA), which centers around a local medium-sized export company and involves a total credit value of US$78.5 million (Rp1.28 trillion).
eFishery founder admits to manipulating financial reports
Founder and former CEO of eFishery, Gibran Huzaifah, has eventually admitted to manipulating his company's financial reports in an effort to save the business from bankruptcy. This confession was conveyed directly by Gibran in an exclusive interview with Bloomberg News.