Denpasar, OborDewata.com – The Financial Services Authority (OJK) of Bali Province has urged the public not to easily trust parties offering loan settlement or encouraging debtors to stop making payments to banks, finance companies, or other financial services institutions.
In a written statement on Tuesday (14/7/2026), the Head of OJK Bali Province stated that offers have recently emerged in Bali under the name of the “State Financial Sovereignty Debt Security” (Surat Berharga Kedaulatan Keuangan Negara/SBKKN) and “Koperasi Indonesia” (Indonesian Cooperatives), promising to settle or write off debtors’ loans.
OJK emphasized that such practices are misleading and do not align with credit settlement mechanisms applicable in the financial services industry. Similar schemes have previously been discovered in several other regions and carry the potential to cause financial losses to both the public and financial institutions.
The public, especially debtors, are requested to continue meeting their credit payment obligations in accordance with their agreed contracts with banks or finance companies. If experiencing repayment difficulties, debtors are advised to immediately communicate directly with their respective financial institutions to find a solution in accordance with applicable regulations.
OJK also urged individuals who have suffered losses due to this practice to take legal action. This will provide legal certainty while preventing wider losses within the financial services industry.
As a follow-up, OJK Bali Province has coordinated with the Bali Regional Police—who are part of the Bali Province PASTI Task Force (Satgas PASTI)—to investigate the alleged use of the SBKKN scheme and the parties suspected of being involved.
Based on information gathered by OJK, perpetrators generally target distressed debtors by promising debt settlement through a document called the “State Financial Sovereignty Debt Security.” They even claim the document is issued on behalf of the President or the Republic of Indonesia to convince prospective victims.
In addition to promising debt forgiveness, perpetrators are also suspected of requiring victims to pay a sum of money as registration fees to join certain groups. In some cases, victims were even asked to recruit other debtors to join the network.
OJK reminds the public to always verify the legality of financial institutions and products before accepting or participating in any investment or financing offers. If suspicious financial activities are found, the public can seek consultation through the OJK Hotline at 157. Suspected illegal financial activities can be reported via the Illegal Financial Activities Eradication Information System (SI PASTI), while suspected financial transaction fraud can be reported through the Indonesia Anti-Scam Centre (IASC). (mas/mei/tim)