OJK Investigates Alleged Criminal Acts Involving Crowde CEO

Background on Crowde's License Revocation

The Financial Services Authority (OJK) has revoked the business license of PT Crowde Membangun Bangsa (Crowde), a peer-to-peer lending fintech company. This decision was made through the OJK Board of Commissioners' Decision Number KEP-68/D.06/2025 on November 6, 2025. The revocation followed several issues with the company's operations.

Investigation into Alleged Criminal Acts

OJK is currently investigating alleged criminal acts related to Crowde's CEO and Co-Founder, Yohanes Sugihtononugroho. Agusman, the Head of Supervision for Financial Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services at OJK, stated that the authority is following up on suspected violations related to Yohanes. The investigation is ongoing, with OJK taking stern action against the company's failures involving Yohanes.

Implications of OJK's Actions

The revocation of Crowde's business license and the ongoing investigation highlight OJK's commitment to regulating and supervising fintech companies in Indonesia. The actions taken against Crowde and its CEO demonstrate the regulator's serious approach to addressing potential misconduct in the fintech sector.