TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

OJK shuts down operations of six illegal investment firms

News Desk (The Jakarta Post)
Jakarta
Wed, January 11, 2017

Share This Article

Change Size

OJK shuts down operations of six illegal investment firms An employee works at the Financial Services Authority (OJK) at the Bank Indonesia (BI) building in Jakarta. (Antara/Fanny Octavianus)

T

he Financial Services Authority (OJK) and the Investment Alert Task Force on Wednesday shut down the operations of six investment companies found to be operating illegally.

OJK policy and investigations support director Tongam L. Tobing said the OJK and the task force found that the six companies had operated without permits from the authority.

“The six are illegal investment companies and it [the termination of their operations] is a form of legal protection for the people,” said Tongam in Jakarta on Wednesday as reported by tribunnews.com.

The six companies are PT Comparct Sejahtera Group, PT Inti Benua Indonesia, PT Inlife Indonesia, Koperasi Segita Bermuda/Profitwin77, PT Cipta Multi Bisnis Group and PT Cipta One Global Indonesia.

He called on people to check the legality of any investment company before entrusting them with their money.

“They have to check if the company offering their investment products has a permit to operate,” he stressed. (bbn)

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.