Lack of Oversight for Mayapada

Top management of Bank Mayapada allegedly obtained kickbacks from customer credit disbursements. The OJK was lax in their oversight of this bank owned by a member of the Presidential Advisory Council.

Tempo

June 19, 2023

IF the Financial Services Authority (OJK) had done their job properly, the insider theft of customer money from the credit facility of Bank Mayapada would obviously have been avoided. The OJK could at the very least have stopped the repeated plunder of cash within this bank owned by member of the Presidential Advisory Council, Dato Sri Tahir. OJK’s failure in their oversight has the potential of creating public distrust towards the ban

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