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View all search resultsAuthorities detain ex-Investree CEO over $165m fraud probe
Authorities tracked Adrian Gunadi to Doha, where he had been living as a permanent resident, after he fled Indonesia during the investigation.
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Authorities have repatriated and detained Adrian Asharyanto Gunadi, the former chief executive of peer-to-peer (P2) lending firm PT Investree Radhika Jaya (Investree), over allegations of illegally raising at least Rp 2.7 trillion (US$165 million) from the public without approval, the country’s financial regulator said on Friday.
(Courtesy of/the OJK)
A
uthorities have repatriated and detained Adrian Asharyanto Gunadi, the former chief executive of peer-to-peer (P2P) lending firm PT Investree Radhika Jaya, over allegations that he illegally raised at least Rp 2.7 trillion (US$165 million) from the public without approval.
Adrian, who was also a co-founder of the firm, is accused of collecting public funds between January 2022 and March 2024 in violation of banking and financial sector laws. The funds were allegedly channeled through two special purpose vehicles, PT Radhika Persada Utama and PT Putra Radhika Investama, while using Investree’s name to attract investors, according to Yuliana, investigations director at the Financial Services Authority (OJK).
“The suspect used the companies as a front to pool funds unlawfully under Investree’s name. The money was then deployed, among other things, for personal interests,” Yuliana told a press conference on Friday.
Adrian landed at Soekarno-Hatta International Airport in Tangerang, Banten, on Friday after being escorted from Qatar by Interpol’s Indonesia National Central Bureau (NCB), part of the National Police’s international relations division.
Authorities had tracked him to Doha, where he had been living as a permanent resident, after he fled Indonesia during the investigation.
Read also: OJK shuts down P2P lender Investree amid alleged fraud
Investree, established in 2015, was one of the first homegrown P2P lending platforms, initially offering invoice-based financing for small and medium businesses before expanding operations to Thailand and the Philippines.
