Bank Mandiri Files Rp730 Billion Lawsuit Against Crowde P2P Lending Platform

Legal Action Follows OJK License Revocation

PT Bank Mandiri (Persero) Tbk (BMRI), one of Indonesia's largest state-owned banks, has taken legal action against PT Crowde Membangun Bangsa, a P2P lending platform whose business license was recently revoked by the Financial Services Authority (OJK). The lawsuit, filed on November 13, 2025, at the South Jakarta District Court, seeks Rp730.31 billion in damages.

Background of Legal Dispute

The legal action follows OJK's decision on November 6, 2025, to revoke Crowde's business license due to the company's failure to meet minimum equity requirements and other regulatory obligations. The regulator had placed Crowde under special supervision before ultimately revoking its license.

Key Details of the Lawsuit

The lawsuit, registered under case number 1248/Pdt.G/2025/PN JKT.SEL, alleges unlawful acts by Crowde and its co-founder Yohanes Sugihtononugroho. The first hearing is scheduled for November 27, 2025. This is not Bank Mandiri's first legal action against Crowde; the bank had previously filed a similar lawsuit on August 1, 2025, which was later withdrawn on October 8, 2025.

Regulatory Context and Implications

The OJK's decision to revoke Crowde's license was based on the company's inability to fulfill regulatory requirements, including minimum equity obligations. The regulator emphasized that the action was part of its efforts to strengthen oversight and consumer protection in the P2P lending industry. The OJK has been actively monitoring the situation and coordinating with relevant parties to ensure an orderly resolution of Crowde's operations.