Jakarta –
The Financial Services Authority (OJK) is monitoring the operations of PT Investree Radhika Jaya (Investree) as the organizer of Technology-Based Joint Funding Services (LPBBTI) or fintech peer to peer lending.
Head of the Department of Literacy, Financial Inclusion and Communication, Aman Santosa, responding to the news and public attention, OJK is currently carrying out an in-depth investigation by conducting a direct inspection of Investree, including regarding alleged violations of provisions in operations and consumer protection as reported by the public.
“OJK will follow up by taking the necessary steps in accordance with the provisions in the event that the alleged violation is proven, including collaborating with Law Enforcement Officials (APH) to support the process of further action against parties deemed responsible for the violation in question,” said Aman in his statement, Friday (16/2/2024).
On the other hand, OJK asked Investree to continue providing services to the community in accordance with good governance, and appealed to the public to be wise in responding to concerns about issues developing at Investree.
For your information, Investree President Director Adrian Gunadi recently resigned from his position amidst 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 maturity. It was recorded that as of January 2 2024, Investree’s total outstanding loans reached IDR 444.69 billion.
(hal/kil)
2024-02-16 14:15:08
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