Jakarta –
The Indonesian Fintech Association (AFTECH) has opened its voice regarding the case that befell PT Investree Radhika Jaya (Investree). Marshall Pribadi, Deputy General Chair IV, AFTECH said that his party had coordinated with Investree’s management leadership and found several findings.
One of them is related to several untrue claims that have dragged Investree’s name. It was stated that the claims of PT Putra Radhika Investama, PT Radhika Persada Utama, and other companies about being affiliated with Investree were not true.
“AFTECH also highlights the news regarding the existence of companies affiliated with Investree, including PT Putra Radhika Investama, PT Radhika Persada Utama, and other companies or individuals who claim to be affiliated, subsidiary, or subsidiary, with Investree, or who call Investree as a guarantor or fund/investment managers,” he said in a written statement, Monday (5/2/2024).
“This is not true, has never been done, and has never been approved by Investree Shareholders and Directors,” he continued.
Apart from that, AFTECH has also received information about changes at the level of Investree management leadership, including the dismissal of Adrian A. Gunadi from his position as President Director of Investree. This step was taken in January 2024.
He explained, through his official statement, representing Investree, Co-Founder/Director of Investree Singapore Pte. Ltd., Kok Chuan Lim, stated that his party hopes to soon complete the restructuring plan with the injection of new equity from investors. Marshall added that AFTECH has an internal mechanism related to enforcing compliance with governance and code of ethics for the management and all AFTECH members.
“In this case, AFTECH also accompanies Investree in its efforts to resolve the company’s problems by providing suggestions and input for the sustainability of the company’s business and the P2P Lending industry,” he explained.
AFTECH also calls on peer-to-peer (P2P) Lending industry players to collaborate with other fintech providers such as Innovative Credit Scoring (ICS), Financial Planners, and Indonesian Electronic Certificate Providers to strengthen governance and mitigate risks from the lender side. ) and borrower (borrower).
Previously, Investree President Director Adrian Gunadi resigned from his position amid the company’s high number of bad loans. The company’s bad debts were recorded to have increased significantly.
Quoting data listed on the company’s official website, TWP90, which measures the default rate 90 days from Investree’s due date, reached 12.58%.
This means that 12.58% of funds disbursed failed to be paid by customers 90 days after the maturity date. It was recorded that as of January 2 2024, Investree’s total outstanding loans reached IDR 444.69 billion.
(ily/rrd)
2024-02-05 14:30:30
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