OJK Launches Comprehensive Investigation into Dana Syariah Indonesia

Background of the Investigation

The Financial Services Authority (OJK) has initiated a thorough investigation into PT Dana Syariah Indonesia (DSI) following allegations of a massive Rp 1.4 trillion default. The development comes as OJK continues to monitor the situation closely, having facilitated regular meetings between DSI management and lender representatives since October 2025.

Key Findings and Investigation Scope

As of December 2, 2025, DSI was placed under special supervision, with ongoing special examination that includes comprehensive asset tracing and financial audits covering the period from 2017 to 2025. The investigation aims to verify data completeness and examine the underlying funding structure. OJK is working in collaboration with the Financial Transaction Reports and Analysis Center (PPATK) to scrutinize DSI's financial transactions.

Regulatory Actions and Account Status

The account freezing of DSI was executed based on PPATK's authority, and consequently, any decision regarding the unfreezing of these accounts rests with the same institution. OJK has clarified that it will process any related requests according to prevailing mechanisms and authorities. The ongoing investigation is crucial in determining the next steps in addressing the alleged default and ensuring regulatory compliance.