Jakarta, Indonesia Sentinel — Indonesia’s Financial Services Authority (OJK) has disclosed updates regarding the legal proceedings against Adrian Asharyanto Gunadi, the former CEO of fintech firm PT Investree Radhika Jaya (Investree). Former Investree CEO Adrian Gunadi has been named a suspect, and now listed as a fugitive on the authorities wanted list.
According to DetikFinance, Chief Executive for Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services at OJK, Agusman confirmed the development during a virtual press conference on Friday, December 13.
“The former CEO of PT Investree Radhika Jaya, Adrian Asharyanto Gunadi, has been designated a suspect and is now on the wanted list,” Agusman stated, adding that OJK is working closely with law enforcement agencies in line with applicable laws.
The peer-to-peer (P2P) lending fintech firm Investree has been mired in a financial scandal involving non-performing loans and allegations of fraud. Despite repeated deadlines, the company’s management and shareholders failed to meet regulatory requirements or resolve the issues.
OJK has revoked Investree’s operational license on October 21, 2024, outlined in OJK Commissioner Board Decree No. KEP-53/D.06/2024. Gunadi reportedly fled the country, while the company has yet to present a concrete plan for reimbursing affected clients.
OJK Targets Investree Founder Adrian Gunadi Abroad Amid Financial Scandal
OJK emphasized its efforts to pursue Gunadi and bring him back to Indonesia, working in cooperation with law enforcement agencies. While unconfirmed, reports suggest Gunadi is currently overseas.
OJK is also taking further decisive actions, including asset tracing to identify and freeze assets belonging to Gunadi and other parties involved, in accordance with legal provisions. The regulator is exploring additional measures to hold accountable any individuals or entities implicated in the downfall of Investree.
The case highlights growing concerns about governance and fraud in Indonesia’s fintech sector as authorities work to protect consumers and restore trust.
(Raidi/Agung)
