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Breaking Record: Public Losses from the Indosurya Cooperative's Fraud are the Largest in Indonesian History

Cindy Mutia Annur 05/10/2022 15:40 WIB

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The investment losses in the Indosurya Savings and Loan Cooperative (KSP) case reach Rp106 trillion. This is the largest case of fraud/embezzlement in Indonesian history.

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Breaking Record: Public Losses from the Indosurya Cooperative's Fraud are the Largest in Indonesian History

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The Attorney General's Office estimates losses in the Indosurya Cooperative Savings and Loan (KSP) investment case to reach Rp106 trillion (approximately US$7 billion), affecting 23,000 victims. This makes Indosurya the largest embezzlement case in Indonesian history.

"This case has drawn national attention due to the unprecedented scale of losses; there has never been a case with Rp106 trillion in losses suffered by the Indonesian people," said Fadil Zumhana, the Attorney General's Office's Director of Criminal Investigation, as quoted by Detik.com on Friday (September 30th).

Fadil stated that the case involving KSP Indosurya is currently being tried in the West Jakarta District Court. The two defendants are Henry Surya, the chairman of KSP Indosurya, and Cipta June Indria, the financial director of KSP Indosurya.

However, another suspect, Suwito Ayub, remains a fugitive and is on the wanted list (DPO), and therefore has not yet been brought to court.

Besides KSP Indosurya, several other cases of fraud or breach of contract with significant losses have occurred in Indonesia.

The following is a list of large-scale embezzlement cases compiled by Databoks.co.id:

1. KSP Indosurya
Year: 2022
Losses: Rp106 trillion
Victims: 23,000 people

2. Golden Traders Indonesia (GTI) Syariah
Year: 2011
Losses: Rp10 trillion
Victims: -

3. First Travel
Year: 2017
Losses: Rp905 billion
Victims: 63,000 people

4. PT Qurnia Subur Alam Raya (QSAR)
Year: 2003
Losses: Rp476 billion
Victims: 6,480 people

5. Pandawa Group
Year: 2016
Losses: Rp400 billion
Victims: 2,900 people

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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25 May 2026

Name	Value	%
Economic growth	5,11%	+0.08
Gini rasio (Sem2)	0,38	0.00
PDB ADHK (Q1)	3.447,70	-0.77
Nilai Tukar USDIDR	17.714	+0.19
Neraca perdagangan (Mar)	3,32	+160.82
Ekspor Migas (Mar)	1,28	+18.60
Impor Migas (Mar)	3,17	+58.74
Ekspor (Mar)	22,53	+1.62
Impor (Mar)	19,21	-8.08
Kunjungan Wisman (Feb)	1,16	-2.42
Inflasi yoy (Apr)	2,42%	-1.06
Inflasi mom (Apr)	0,13%	-0.28
Persentase kemiskinan (Des)	7,50%	-0.75
NTP (Apr)	112,29	+0.43

Breaking Record: Public Losses from the Indosurya Cooperative's Fraud are the Largest in Indonesian History

Breaking Record: Public Losses from the Indosurya Cooperative's Fraud are the Largest in Indonesian History

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Breaking Record: Public Losses from the Indosurya Cooperative's Fraud are the Largest in Indonesian History

Breaking Record: Public Losses from the Indosurya Cooperative's Fraud are the Largest in Indonesian History

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