Flooring Guide by Cinvex – The Financial Services Authority (OJK) has officially summoned the shareholders of PT Lunaria Annua Teknologi, known as KoinP2P—a subsidiary of PT Sejahtera Lunaria Annua (KoinWorks)—to ensure the firm upholds its financial obligations to its lenders. This intervention comes amidst ongoing legal proceedings by the Jakarta High Prosecutor’s Office against several executives of the fintech lending platform.
Agus Firmansyah, Head of the Integrated Financial Services Sector Surveillance and Policy Department at the OJK, confirmed that the regulatory body fully supports the current law enforcement process. “The OJK has summoned the shareholders to emphasize that the responsibility for the continuity of KoinP2P’s business operations remains with them. This includes ensuring that services to the public and operational integrity are maintained in accordance with prevailing regulations,” Agus stated in a written release on Saturday (May 9).
The OJK is currently maintaining rigorous oversight of KoinP2P, which operates as a Technology-Based Joint Funding Service (LPBBTI) provider. Despite the detention of company executives by the Jakarta High Prosecutor’s Office, the regulator has made it clear that the obligation to ensure business stability rests squarely on the shareholders. The OJK has explicitly demanded a commitment from both management and shareholders to resolve outstanding issues, with a primary focus on fulfilling repayment obligations to lenders.
As part of its intensified supervisory efforts, the OJK is conducting thorough on-site inspections and comprehensive evaluations of KoinP2P’s business model, infrastructure, governance, and general operations. The regulator has also issued direct mandates for necessary corrective actions to address identified weaknesses.
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“We are strictly monitoring the resolution of obligations to lenders, the settlement of non-performing loans, and other fundamental improvements to protect the company’s business continuity and public service obligations,” Agus added. Beyond routine checks, the OJK is conducting specialized investigative audits to ensure compliance. Strict supervision remains in place to protect the interests of lenders and ensure the platform continues to operate transparently.
The OJK has issued a stern warning that it will enforce compliance measures and impose administrative sanctions on any parties found violating regulations or failing to meet their commitments. This may include a formal re-assessment of the company’s key personnel.
Furthermore, the OJK is urging industry associations to take proactive steps to maintain a healthy fintech ecosystem. These efforts are crucial to ensuring that the sector remains a reliable contributor to public financing, particularly for MSMEs. “We are encouraging industry associations to implement necessary measures to keep the fintech lending industry robust and focused on supporting community financing, especially for small and medium-sized enterprises,” he concluded.
Summary
The Financial Services Authority (OJK) has summoned shareholders of KoinP2P to ensure the platform continues its operations and fulfills financial obligations to lenders amid ongoing legal proceedings against its executives. The regulator emphasizes that shareholders remain responsible for maintaining business continuity and operational integrity according to established financial regulations.
To ensure compliance, the OJK is conducting rigorous on-site inspections, investigative audits, and evaluations of the company’s governance and infrastructure. The authority has warned that it will enforce strict administrative sanctions if management or shareholders fail to resolve outstanding issues or protect the interests of their lenders.