Jakarta – Indonesian National Police’s Special Economic Crimes Directorate (Bareskrim) raided the offices of peer-to-peer (P2P) lending fintech Dana Syariah Indonesia (DSI) on Friday, January 23, 2026.
According to Brigadier General Pol Ade Safri of Bareskrim Polri, “It has been confirmed that this afternoon, the investigators from the Directorate of Special Economic and Financial Crimes of the Indonesian National Police conducted a search at the office of Dana Syariah Indonesia (DSI) located at District 8, Prosperity Tower, 12th Floor, Unit A, Unit B and Unit J, Jalan Jenderal Sudirman Kav 52-53, South Jakarta (SCBD area).”
Investigation into Alleged Fraud
The search is connected to allegations of embezzlement, fraud, and money laundering related to the disbursement of funds from the public. Investigators suspect DSI used fictitious projects based on existing borrower data. Prior to the raid, Bareskrim elevated the case involving alleged financing of fictitious property projects by DSI to a full investigation.
Bareskrim has received four reports related to the case, identifying over 1,500 lenders as potential victims. Taufiq Aljufri, DSI’s Director, has been named as a suspect. The investigation began following complaints from lenders in June 2025 regarding difficulties withdrawing funds.
Fictitious Projects and Misappropriated Funds
The initial profit-sharing scheme allocated 23% of returns, with 18% going to lenders and the remainder to DSI. However, investigators allege that funds were diverted to finance non-existent projects. DSI is suspected of creating fictitious borrowers or using existing borrowers without their knowledge to support these fabricated projects.
“Without the borrowers’ knowledge, PT DSI created fictitious property projects. Out of 100 projects claimed, 99 were fictitious,” Ade Safri stated during a meeting with Commission III of the Indonesian House of Representatives on January 15, 2026.
Investigators have also received transaction analysis reports from the Financial Transaction Reports and Analysis Center (PPATK) on January 15, 2025, which aided in tracing assets. These reports revealed indications of fraud, with lender funds being transferred from DSI’s escrow account to affiliated companies.
Bareskrim’s investigation indicates DSI may have violated Article 158 of OJK Regulation Number 40 of 2024 concerning Technology-Based Peer-to-Peer Lending Services, specifically prohibitions against operating outside the scope of permitted activities.
Frequently Asked Questions
What prompted the raid on DSI?
The raid was prompted by allegations of embezzlement, fraud, and money laundering related to the financing of fictitious projects using funds from lenders.
How many lenders are believed to be affected?
More than 1,500 lenders are believed to be victims in this case.
When did DSI obtain official operating permits?
DSI began operating in 2018 but did not receive official operating permits from the Financial Services Authority (OJK) until 2021.
As the investigation progresses, authorities may seek to recover misappropriated funds and hold those responsible accountable. It remains to be seen what further legal actions will be taken against DSI and its executives, and how this case will impact the broader P2P lending landscape in Indonesia.
