Revocation of Business License for Sharia Finance Company PT Corpus Prima Ventura

November 14, 2023
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​OJK through the Decree of the Board of Commissioners of the Financial Services Authority Number KEP-23/D.06/2023 dated October 30th 2023, has revoked PT Corpus Prima Ventura business license, which its head office is located at Embong Kenongo Nomor 7-9, RT 002 RW 001, Kelurahan Embong Kaliasin, Kecamatan Genteng, Kota Surabaya, Jawa Timur. 

PT Corpus Prima Ventura is prohibited from carrying out business activities in financing sector and is obligated to settle rights and obligations in accordance with the applicable laws and regulations, among others:

  1. Settle the rights and obligations with all parties, both business partners and/or debtors and all creditors in accordance with the agreements that have been made and in accordance with the provisions of the applicable laws.

  2. Carry out the process of returning collateral (if any) for financing held by the Company for all Business Partners an​d/or Debtors which have been paid off in accordance with the agreement between both parties and the applicable provisions.

  3. Provide clear information to all Business Partners and/or Debtors regarding installment payment mechanism.

  4. Provide an internal customer information and complaints center for the Company equipped with authorized contact persons. 

Furhermore, in accordance with the provisions of Article 56 Peraturan Otoritas Jasa Keuangan Number 34/POJK.05/2015 concerning Business Licensing and Institutions for Venture Capital Companies, companies whose business license have been revoked are prohibited from using the words venture or sharia venture in the company name

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