CWIG Warns of Risks to Victims’ Rights in BAT Bank’s Platinum Cancellation Form, USD 1 Million Funds Still Under BAT Bank’s Control

Jakarta, otoritas.co.id — In the absence of the CEO of PT BAT Instrumen Bank Internasional (BAT Bank), Dato Sulaiman, a meeting between BAT Bank and the victim of the Platinum Membership Program was held on Monday, 12 January 2026, at BAT Bank’s office, Sampoerna Strategic Square, South Jakarta. The meeting was conducted pursuant to BAT Bank’s official invitation letter dated 5 January 2026, reference BAT/INV/PLAT/01/2026.

The victim attended the meeting accompanied by the team from Cerdas Waspada Investasi Global (CWIG). BAT Bank was represented by several internal staff members and its legal team, led by Rivai, together with two other lawyers.

However, no agreement was reached by the end of the meeting, after BAT Bank presented a Platinum Membership Cancellation Form for the victim to sign. CWIG assesses that the form contains clauses that may adversely affect the victim’s legal position.

Cancellation Form Considered to Potentially Weaken the Victim’s Legal Rights

CWIG conducted a careful review of the Platinum Membership Cancellation Form submitted by BAT Bank. One critical issue raised concerns the request for the victim to return the original Demand Deposit Certificate (DDC), accompanied by clauses which, in substance, limit the victim’s right to pursue civil and/or criminal legal remedies in the future.

According to CWIG, such clauses are inconsistent with principles of prudence and victim protection, particularly given that the refund of funds has not yet been realized. CWIG considers that requesting the execution of such documents prior to the actual return of funds may weaken the victim’s legal standing.

CWIG further emphasized that, during the meeting, BAT Bank was unable to openly present any operational license issued by the Financial Services Authority (OJK) or Bank Indonesia (BI). Therefore, CWIG views clarity regarding the legal and administrative status of the Platinum Membership Program and all related documentation as fundamental, before the victim is asked to sign any document whatsoever.

USD 1 Million Acknowledged as Being Held and Controlled by BAT Bank

During the meeting, BAT Bank acknowledged that funds amounting to USD 1,000,000 belonging to the victim are held and controlled by BAT Bank. This acknowledgment is consistent with statements previously made by BAT Bank’s CEO, Dato Sulaiman, in a presentation lasting 15 minutes and 57 seconds.

CWIG considers this situation to raise serious issues regarding the legal basis for the control of the victim’s funds, given that no direct, full, and unconditional refund has been made to date.

“If the victim’s funds are acknowledged by BAT Bank’s CEO as being held by BAT Bank, then what is required is the actual return of the funds, not the execution of additional documents that may further burden the victim,” stated Henry Hosang, Chairman of CWIG.

Refund Commitment Remains a Verbal Statement

During the course of the meeting, Rivai expressed his understanding of the victim’s position. Together with the two lawyers present, as well as an individual who claimed to be a former Bank Mandiri employee with approximately 27 years of service, Rivai stated that he would promptly convey the victim’s demands to BAT Bank’s CEO, Dato Sulaiman, and indicated that he would contact him directly.

It was also stated in the meeting that the refund to the victim would be completed no later than January 2026, without any additional conditions, in accordance with the victim’s request. Rivai further explained that he personally initiated the issuance of the invitation letter requesting the victim to travel to Jakarta to resolve the refund issue.

It was agreed that the DDC document would be returned by the victim after the funds are fully received. However, as of the issuance of this release, such commitments remain verbal in nature and have not yet been realized through concrete action. Rivai committed to contacting CWIG Chairman Henry Hosang to provide an update on the refund process within one to two days, considering that the victim is scheduled to return to Kuala Lumpur, Malaysia, on Wednesday, 14 January 2026.

Firm Refusal to Execute Any Documents

CWIG, together with the victim’s legal counsel present at the meeting—Rahmat Aminudin, S.H. and Joko Supriono, S.H.—firmly stated that no documents of any kind will be signed prior to the full and unconditional return of the victim’s funds.

CWIG considers that the control of the victim’s funds without a clear refund constitutes a legally defective condition, which must be resolved by demonstrating genuine good faith.

BAT Bank’s Response to Licensing Inquiries

During the meeting, Dato Sulaiman’s special staff and secretary declined to provide any explanation in response to questions raised by CWIG Chairman Henry Hosang regarding BAT Bank’s operational licenses from OJK and BI, stating that they were unwilling to answer and that the matter was not within their authority.

According to Henry, such a stance further underscores the necessity for official and transparent clarification from the relevant parties, in the interest of legal certainty and public protection.

Deadline Until 14 January 2026 at 5:00 PM (WIB)

Rahmat Aminudin, S.H., acting as the victim’s legal counsel, stated that he will await official confirmation and the actual refund of funds from BAT Bank until Wednesday, 14 January 2026, at 5:00 PM (WIB), in accordance with BAT Bank’s office operating hours. Should there be no clarity or realization of the refund by that deadline, Rahmat considers that the expectation of an amicable resolution will not have been fulfilled.

Under such circumstances, Rahmat affirmed that further legal action will be pursued as part of the victim’s lawful rights, in accordance with applicable laws and regulations. (**)