OJK Investigates Akseleran AKII Management and Imposes Sanctions Following Default Case

The Financial Services Authority (OJK) has taken firm action against PT Akseleran Keuangan Inklusif Indonesia (AKII), a peer-to-peer lending platform, by conducting a direct investigation into its management and shareholders. This action is part of OJK's intensified supervision following the recent loan default case that surfaced on the platform.

As a result of its investigation, OJK imposed administrative sanctions on AKII as an effort to protect lenders and maintain the stability of the national fintech industry.

OJK Demands Comprehensive Improvements

Following the investigation, OJK emphasized the urgency for AKII to immediately fulfill its payment obligations to lenders and to improve its operational model and business infrastructure. The evaluation covered root cause identification, business model compliance with regulatory standards, and comprehensive improvement recommendations.

The Chief Executive of Financing Institution Supervision at OJK, Agusman, stressed that the next phase of monitoring will focus on debt settlement, restructuring of non-performing loans, and enhancing services for both users and lenders. OJK also opened the possibility of imposing further sanctions, including a reassessment of the key controlling parties and potentially revoking the business license if AKII fails to meet its obligations.

OJK’s Commitment to Maintaining Fintech Transparency

Through the sanctions imposed on AKII, OJK reaffirmed its commitment to safeguarding a healthy, transparent, and accountable fintech ecosystem. Agusman emphasized that the authority will not hesitate to impose maximum sanctions, including the revocation of a business license, should similar violations occur again.