JAKARTA – Until June 2024, Financial Services Authority (OJK) concludes the legal handling of 127 case files declared complete (P-21) by the Attorney General’s Office. These case files that have been deemed complete includes criminal offenses in banking, stock market, and non-bank financial industry.

Aman Santoso, Head of Department of Literacy, Inclusion, and Communication of OJK, confirmed that out of those 127 case files, 102 of them are criminal acts in banking industry, 20 are non-bank financial industry crimes, and 5 are criminal offenses in stock market.

“The average sentence is over 5 years,” he added in the press release quoted Thursday (4/7).

According to Santoso, creating fictitious credits in order to improve banks’ non-performing loan (NPL) rates are the most popular cases in P-21.

It is stated that OJK partners with Police and Attorney’s Office regarding the handling of criminal acts in the financial industry, ensuring optimum law enforcement.

“OJK will continue to enforce the law on each party allegedly committing crimes in the financial service industry in order to protect financial service institutions and the people,” Santoso concluded. (LK/ZH)