Akmalal Hamdhi, Jakarta – Bank accounts belonging to peer-to-peer lending platform Dana Syariah Indonesia remain frozen by financial authorities amid an unresolved debt default totaling Rp 1.4 trillion ($83 million) owed to thousands of creditors.
An official at the Financial Services Authority (OJK) said mediation between DSI's management and its lenders has been underway since October last year, while the authority to block the company's accounts lies with the Financial Transaction Reports and Analysis Center (PPATK).
"Since Dec. 2, 2025, Dana Syariah Indonesia has been placed under special supervision, and examinations of its transactions and regulatory compliance are still ongoing," said Agusman, head of supervision for financing institutions at OJK, in a statement on Saturday.
OJK is also conducting a comprehensive inventory and tracing of all DSI assets, as well as reviewing the company's audited financial statements from 2017 to 2025. The asset mapping is intended to assess the firm's ability to meet its repayment obligations.
Transaction investigations are being carried out in coordination with PPATK, which ordered the account freeze to support the probe. Agusman said he could not confirm how long the freeze would remain in place.
"The blocking of DSI's accounts falls under PPATK's authority, and any decision to lift the freeze will also be made by PPATK," he said.
In parallel, OJK is investigating alleged regulatory violations and possible fraud in cooperation with law enforcement agencies, Agusman added. He stressed that financial services companies are required to provide creditors with access to information on how their funds are used.
OJK has already imposed several administrative sanctions on DSI, ranging from written warnings and fines to restrictions on business activities.
According to information published on DSI's official website, the company has disbursed Rp 3.87 trillion ($230 million) in financing since its establishment in 2017, collected funds from 41,506 lenders, and extended loans to 1,440 borrowers.
Source: https://jakartaglobe.id/business/dana-syariah-indonesias-accounts-frozen-amid-rp-14-trillion-defaul