KPK Questions Bank Jepara Artha Director in Rp250bn Fictitious Loan Case

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Bank Jepara Artha. Doc: BPR

TEMPO.CO, Jakarta - The Corruption Eradication Commission (KPK) has scheduled an examination of Jhendik Handoko, President Director of PT Bank Perkreditan Rakyat Bank Jepara Artha (Perseroda), on Tuesday, June 3, 2025. KPK spokesperson Budi Prasetyo stated that the examination pertains to a corruption case involving the disbursement of fictitious business loans at the bank.

"The examination will take place at the KPK's Merah Putih Building," he said in an official statement.

In this case, the KPK has imposed travel bans on five individuals since September 26, 2024, identified by the initials JH, IN, AN, AS, and MIA. The travel restrictions aim to facilitate the KPK's investigation process.

Additionally, the Financial Services Authority (OJK) revoked the operating license of PT BPR Bank Jepara Artha based on OJK Commissioner Board Decision No. KEP-42/D.03/2024, dated May 21, 2024.

The KPK also seized Rp11.7 billion in cash from MIA, a suspect in the fake loan corruption case, as part of efforts to recover the state's losses.   

"The state lost Rp250 billion due to the Bank Jepara Artha fake loan case," then-KPK spokesperson Tessa Mahardhika Sugiarto said in a statement on Tuesday, February 25, 2025. 

Since the investigation began, KPK investigators have seized five vehicles: two Fortuners, two CRVs, and one HRV. They have also confiscated 130 plots of land and buildings worth Rp50 billion, along with roughly Rp12.5 billion in cash.

Investigators will continue to track down assets belonging to the suspects, whether held by family members or other parties. They will also consider criminal prosecution and tough legal measures against anyone who refuses to cooperate or deliberately hides assets linked to the suspects.

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