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Managing Trillions of Funds, Indosterling Optima Admits Not Permit OJK

Jakarta, CNBC IndonesiaPT Indosterling Optima Investa (IOI) attorney, Hardodi, also confirmed that the company does not have permission from relevant authorities such as the Financial Services Authority (OJK) or Bank Indonesia to issue High Yield Promissory Notes (HYPN) products with an interest rate of 9-12%.

According to him, the instrument is a debt letter which is an agreement between the issuer of HYPN and the holder of the debt letter.

“Keep in mind, HYPN is a debt security within a certain period of time, therefore there is no need for OJK and BI, this is an agreement between HYPN owners and holders. So there is nothing. But in HYPN, the holder agreement with the issuer,” said Hardodi, in Ambhara Hotel press conference, in Kebayoran Baru, South Jakarta, Monday (16/11/2020).


He said, so far the company only has a license to establish as a limited liability company (PT). This is contrary to the statements of customers, that investment in PT IOI has been guaranteed by the OJK. However, the attorney refuses if his client is said to have carried out fraudulent investments. Because, he said, the company had only experienced defaults since April 2020 due to the Corona virus pandemic.

“It is not a fraudulent investment. Obligations are not carried out due to the Covid-19 factor, causing payment defaults [yield],” he said.

The Head of the Investment Alert Task Force, Tongam Lumban Tobing, told CNBC Indonesia that since last July 2019, SWI had actually summoned IOI to explain the coupon rate investment offering for the promissory notes product on behalf of IOI.

“At this time IOI explained that IOI had never issued such an investment proposal. IOI offers products such as promissory notes but they are only bilateral in nature and not offered to the public,” said Tongam, Monday (16/11/2020).

Therefore, the Investment Alert Task Force, continued Tongam, encourages the legal process to IOI if there are people who suffer losses.

Meanwhile, the spokesperson for the Financial Services Authority (OJK), Sekar Putih Djarot emphasized that PT Indosterling Optima Investa (IOI), one of the entities under the Indosterling Group, apparently does not have a business license and is registered as a financial institution that can manage customer funds at OJK.

“PT IOI is not registered / licensed by the OJK, handling it through the Investment Alert Task Force. The public should be alert to avoid investment fraud, especially in the capital market,” Sekar said, when contacted by CNBC Indonesia, Monday (16/11/2020).

Sekar reminded customers to reconsider their investment choices more carefully, especially if they offer unreasonable returns.

“Keep in mind, the key is logical and legal, logically assessed from the offer of investment returns, if it doesn’t make sense then be careful, and legally must be checked for business license from OJK,” he added.

[Gambas:Video CNBC]

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