Fraudulent investment cases have recently drawn significant public attention. One of the latest involves PT Pan Arcadia Capital (PAC), which is suspected of causing losses to hundreds of victims in major cities such as Jakarta, Surabaya, and Bandung.
A group of 133 victims, with total losses estimated at IDR 186 billion, filed a police report represented by Jon Parulian Purba, Partner at JRCR Counsellor at Law, at the Criminal Investigation Agency of the Indonesian National Police (Bareskrim Polri).
All directors of PT PAC have now been named as suspects, while the Financial Services Authority (OJK) has imposed significant administrative fines on all directors and several managers of PT PAC.
What Is a Fraudulent Investment?
A fraudulent investment—often called an investment scam—is the practice of collecting public funds by offering the lure of high and fixed returns.
In the PT PAC case, the funds collected were allegedly diverted to purchase poor-quality stock portfolios owned by certain groups. As a result, victims were unable to redeem their funds despite being promised guaranteed returns.
Legal Aspects of the Case
1. Fraud (Article 378 of the Indonesian Criminal Code)
Offering investments with promises of guaranteed profits can be prosecuted as criminal fraud.
2. Money Laundering (Law No. 8 of 2010 on Money Laundering)
If proven that the illicit funds were circulated to disguise their origins, perpetrators may also face money laundering charges.
3. OJK Sanctions
OJK has the authority to impose administrative sanctions, including fines, on companies or directors who violate capital market regulations.
How Does the Law Protect Investors?
The law provides protection for investors through several avenues:
- Criminal: filing a police report so perpetrators can be prosecuted.
- Civil: filing a lawsuit for compensation or a class action.
- Administrative: through OJK’s supervisory role and sanctions against illegal investment schemes.
JRCR Counsellor at Law, through its partner Jon Parulian Purba, is committed to fighting for the rights of victims and ensuring transparency throughout the legal process.
If you are facing a similar issue, do not hesitate to consult with a legal advisor so that the legal steps you take are well-directed and your rights are fully protected.
Discover how our team can help your business with financial obstacles success by checking out our website (https://jrcrlaw.com/).
