RRI.CO.ID, Jakarta – The Task Force for the Eradication of Illegal Financial Activities (Satgas PASTI) of the Financial Services Authority (OJK) has suspended the operations of PT Econext Ventures Indonesia (EVI) over allegations of illegal fundraising.

Satgas PASTI found that EVI was offering technology investment products in the green economy sector using a model resembling securities crowdfunding. The company is also suspected of employing a multilevel marketing scheme to raise funds from the public.

“People who feel they have been harmed are urged to immediately report the matter to local law enforcement authorities to expedite the handling process,” said Head of the Satgas PASTI Secretariat, Hudiyanto, in Jakarta on Thursday, July 16, 2026, as quoted by Antara.

Investigations revealed that EVI lacked an OJK license to operate as a securities crowdfunding platform. Its activities also did not align with the business license issued by the Ministry of Investment and the Downstreaming/Investment Coordinating Board (BKPM).

In addition, the company’s app and website were not registered as electronic system operators (PSE) with the Ministry of Communication and Digital Affairs.

Although EVI was listed as a member of the Indonesian Crowdfunding Services Association (ALUDI), the association has revoked its membership following the findings.

Satgas PASTI has suspended all EVI activities and will block access to its app and related digital links.

The task force will coordinate with law enforcement agencies to pursue further action. Authorities have reminded the public to be cautious of investment offers promising high returns without clear legality, particularly those claiming to be in the process of securing OJK permits.

The public is urged to verify the legality of investment offers before disbursing funds. Reports of illegal investment schemes or online loans can be submitted via the OJK’s website sipasti.ojk.go.id, Contact OJK at 157, WhatsApp 081157157157, or email konsumen@ojk.go.id.

Victims of fraudulent financial transactions may also report cases through the Indonesia Anti‑Scam Centre (IASC) at iasc.ojk.go.id to support swift account blocking. ***