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Jakarta Post
The Jakarta Post
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OJK shuts down operations of six illegal investment firms

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Wed, January 11, 2017 | 06:40 pm
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)

The 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)