Cirebon OJK opens illegal investment complaint service during Ramadan

Cirebon (ANTARA) - The Cirebon Financial Services Authority (OJK) office, West Java, has opened a complaint and consultation service during Ramadan 2026 to anticipate the rise in fraudulent activities disguised as illegal investments, including those linked to an application called MBAstack Limited Company (MBA).

The Head of the Cirebon OJK, Agus Muntholib, stated in Cirebon on Thursday that the service aims to ensure the public remains protected while carrying out their activities and observing the fast.

He stated that every investment decision must be based on logic, the principle of prudence, and adequate verification of information.

"The Cirebon OJK is very concerned about the alleged fraud (using the MBA application). We remind the public not to be easily tempted by promises of large profits in a short time without clear risks," he said.

He explained that during Ramadan, people's economic needs typically increase, and this situation is often exploited by irresponsible parties to offer investments with unreasonable returns.

According to him, the pattern of illegal investment offers has now transformed through digital platforms and applications, resulting in faster spread and cross-regional reach.

Agus mentioned that in a number of cases, artificial intelligence (AI) technology is often used to manipulate presentations and testimonials to make offers appear convincing.

"We remind you that legality and business logic must be the primary foundation. Even if the person inviting you is a public figure, the public is still obliged to verify. Trust should not override caution," he said.

From January to February 13, 2026, the Cirebon OJK received 266 consultations and complaints from financial services consumers, with the majority of reports coming from the financial technology (fintech) sector, he explained.

Of these, he said, 38 complaints related to alleged investment fraud or illegal investments.

Agus said that during Ramadan, the public can contact the OJK at 157, WhatsApp at 081-157-157-157, access the official website, or visit the nearest OJK office to verify the legality of an entity and report suspected illegal financial activity.

"We remind the public to recognize the characteristics of illegal investments, including promises of guaranteed and unreasonable profits in a short time, use of multi-level recruitment schemes without clear products or services, and lack of permits from the relevant authorities," he said.

[SOURCE]