SP 135/DKPU/OJK/VII/2026
PRESS RELEASE
OJK HANDS OVER PT BPR SAWA CASE SUSPECT AND EVIDENCE
TO THE SIDOARJO DISTRICT ATTORNEY'S OFFICE
Jakarta, 9 July 2026. Indonesia Financial Services Authority (OJK) completed the investigation of banking crime allegations in PT BPR Sumber Artha Waru Agung (SAWA), Sidoarjo, East Java, with the handover of suspect and evidence (Stage II) to the Public Prosecutor at Sidoarjo District Attorney's Office on Thursday (9/7).
The investigation conclusion follows up OJK's supervision in stages, from periodical monitoring, special audit, inspection, to investigation. These measures demonstrated OJK's commitment in ensuring financial services business actors' compliance with the laws and regulations, and in maintaining banking industry and public trust to the financial services sector.
OJK named the President Director of PT BPR SAWA “KI" as a suspect of this case. Prior to this, OJK had submitted the case files (Stage I) to the Public Prosecutors, which had been declared as completed on 29 June 2026 (P.21).
Based on the investigation, the crime allegedly occurred during November 2017 throughout August 2019. The suspect is presumed to have recorded false information in the balance, report, and bank documents and/or intentionally neglected necessary measures to ensure bank compliance with the laws and regulations. These actions were carried out through initiating and/or approving credit provision, repetitive credit extension, and/or credit ceiling increases to 13 credit facilities under the name of 11 debtors, totalling to Rp5,835,000,000.00 (five billion eight hundred thirty-five million rupiah), which does not comply with the prevailing regulations.
OJK had previously revoked PT BPR SAWA's business license on 24 July 2024. The business license revocation is a part of OJK's supervisory measure to maintain banking industry stability and integrity, to protect customers' and the public's interests in accordance with the laws and regulations. The administrative actions did not negate the criminal liability to parties presumed to have carried out banking crime, thereby OJK proceeding with the investigation procedures until the case was concluded and entered prosecution stage.
Upon these actions, suspect is indicted with provisions of Article 49 paragraph (1) letter a and/or Article 49 paragraph (4) letter b of Law Number 7 of 1992 on Banking as amended by Law Number 4 of 2023 on the Development and Strengthening of the Financial Sector, juncto Law Number 1 of 2026 on Criminal Adjustment, juncto Article 20 letter c and Article 127 paragraph (1) of Law Number 1 of 2023 on the Criminal Procedure Code. For these alleged crimes, suspect is faced with maximum sentence of 15 (fifteen) years and/or maximum of Rp5,000,000,000.00 (five billion rupiah) crime sanction category VII.
The investigation conclusion demonstrates OJK's commitment in carrying out professional, firm, and continuous regulatory, supervisory, audit, and investigatory functions for financial services sector integrity, enforcing financial services business actors' compliance and discipline and public protection.
OJK will continue to strengthen coordination and cooperation with law enforcement agencies, including the Indonesian National Police and the Attorney General's Office of the Republic of Indonesia, in handling criminal cases in the financial services sector. This collaboration is expected to reinforce governance in the financial services sector, safeguard financial system stability, and maintain public confidence in the financial services industry.
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For more information
Head of Financial Services Sector Surveillance and Integrated Policy Department of OJK – Agus Firmansyah
Tel. 021.29600000; Email: humas@ojk.go.id
