Companies
Authorities allege the executives of PT Lunaria Annua Teknologi (LAT), the operator of KoinWorks, manipulated collateral documents and falsified trade invoices to secure massive loans from state-owned lender BRI.
People are given information about services from online lending company KoinWorks in Jakarta in April 2019. (The Jakarta Post/Dhoni Setiawan)
The Jakarta Prosecutor’s Office has detained three suspects over an alleged Rp 600 billion (US$35 million) loan scheme involving fake invoices and manipulated collateral tied to peer-to-peer (P2P) lending platform KoinWorks.The suspects, executives of PT Lunaria Annua Teknologi (LAT), the operator of KoinWorks, were taken into custody on Thursday, according to Jakarta Prosecutor’s Office legal information head Dapot Dariarma.
The prosecutor’s office only referred to the detainees by their initials but stated their roles, which pointed to them being LAT operations director Bernard Adrianto Arifin, LAT president director Jonathan Bryan, and Benedicto Haryono, founder, commissioner and president director at the company from 2015 to 2022.
