CBA and Padepokan Hukum Indonesia Fully Support CWIG’s Legal Action
Jakarta, otoritas.co.id — Public support continues to grow for the investigative steps taken by Cerdas Waspada Investasi Global (CWIG) in uncovering alleged illegal activities involving PT BAT Instrumen Bank Internasional (BAT Bank). The case goes beyond allegations of unlicensed banking operations, misuse of the name of the President of the Republic of Indonesia, and the unauthorized use of state symbols and false licensing claims. CWIG has also revealed early indications of potential Money Laundering Crimes (TPPU) allegedly involving crypto assets and cross-jurisdictional fund flows.
Several observers assess that this series of allegations may satisfy the legal elements of serious criminal offenses.
“The alleged misuse of the name of President Prabowo Subianto, the use of state symbols, false claims of licensing from Bank Indonesia and the Financial Services Authority (OJK), the offering of Standby Letters of Credit (SBLC), Bank Guarantees (BG), private banking services, and other financial instruments without authorization, including indications of fund flows linked to crypto assets, may constitute serious criminal acts.”
Accordingly, this case may legally be processed as a general offense (ordinary crime), not a complaint-based offense.
Uchok Sky Khadafi (CBA):
“If These Allegations Are Proven, Banking, ITE, and AML Laws Could Apply Cumulatively”
Executive Director of the Center for Budget Analysis (CBA), Uchok Sky Khadafi, stated that CWIG’s preliminary findings fall within the category of complex economic crimes.
“If crypto transactions are involved, documents resembling banking instruments are used, and licensing claims cannot be substantiated, then provisions under the Banking Law, the Electronic Information and Transactions Law (ITE Law), the Criminal Code, and the Anti–Money Laundering Law may be applied cumulatively,” Uchok said.
He highlighted several relevant legal frameworks, particularly:
Anti–Money Laundering Law (Law No. 8 of 2010)
If funds are collected without authorization and subsequently transferred through:
- crypto assets,
- foreign exchanges,
- overseas bank accounts, or
- unauthorized financial instruments,
then the perpetrators may be charged under:
- Article 3: using proceeds of crime (maximum penalty: 20 years imprisonment),
- Article 4: concealing or disguising the origin of funds (maximum penalty: 20 years imprisonment).
“Cross-border crypto transactions conducted outside licensed financial institutions are a clear AML red flag. Law enforcement must act immediately because this is a serious offense,” Uchok emphasized.
CBA, he added, fully supports CWIG’s legal steps, whether through reporting to the Attorney General’s Office or Criminal Investigation Department of the National Police (Bareskrim Polri), and is prepared to oversee the process. He also noted that CWIG has already secured substantial evidence.
Mus Gaber, S.H. (Padepokan Hukum Indonesia):
Chairman of Padepokan Hukum Indonesia, Mus Gaber, S.H., stressed that allegations involving the misuse of the President’s name, state institutions, and claims of being a banking entity with purported cooperation with national and international banks significantly strengthen the legal basis for a comprehensive investigation.
“If BAT Bank indeed employed false legitimacy while channeling funds through crypto or foreign platforms, this is not merely public deception. It potentially constitutes money laundering, illegal banking activities, and misuse of state symbols,” Mus Gaber explained.
He outlined several laws that may have been violated, including:
Banking Law (Law No. 10 of 1998)
Conducting banking-like activities without a license: up to 15 years imprisonment.
ITE Law
Article 28(1): dissemination of misleading information
Articles 32 and 35: manipulation and falsification of electronic documents
Penalties: 8–12 years imprisonment.
Consumer Protection Law
Misleading claims to attract investors: up to 5 years imprisonment.
Law No. 24 of 2009 on State Symbols
Misuse of state symbols: up to 5 years imprisonment.
“Claims of managing assets worth up to USD 17 trillion, misuse of OJK–BI licensing, use of state symbols, and alleged crypto-related fund flows—if proven—constitute a combination of grave violations that must be prosecuted,” he asserted.
Mus Gaber further emphasized:
“This is a general offense. CWIG, as a legally recognized public watchdog, is entitled to file a report without waiting for victims to emerge. Padepokan Hukum Indonesia is fully prepared to oversee the reporting process to the Attorney General’s Office.”
CWIG Chairman: “Just Wait for the Date”
Separately, CWIG Chairman Henry Hosang responded to the support from CBA and Padepokan Hukum Indonesia regarding CWIG’s move to bring the findings into the law enforcement arena.
Henry expressed appreciation to Uchok Sky Khadafi (CBA) and Mus Gaber (Padepokan Hukum Indonesia) for their open support.
“This support confirms that the BAT Bank issue is not trivial. It concerns public interest and the authority of the rule of law,” he said.
In a relaxed setting in Kemang, South Jakarta, Saturday (13/12), Henry offered a brief but pointed response:
“Just wait for the date.”
When asked whether CWIG holds strong evidence, Henry replied rhetorically:
“Would journalists dare publish hard-hitting reports without solid evidence?”
He concluded firmly:
“We will fully expose fraudulent investment practices hiding behind banking claims.”
CWIG Legal Division: This Is a General Offense, the State Must Act
On the same occasion, the media also sought clarification from Rahmat Aminudin, S.H., along with CWIG’s Legal Division counsel team, regarding legal readiness and evidentiary progress.
Rahmat emphasized that the case constitutes a general offense, not a complaint-based offense.
“Law enforcement cannot and must not depend on whether victims have filed complaints. What is at stake is the public interest and the authority of the state’s legal system,” he stressed.
He further explained:
“Where sufficient preliminary indications exist, law enforcement authorities have both the power and the constitutional obligation to act without waiting for victims to suffer losses.”
Rahmat affirmed that CWIG’s actions are not speculative or opinion-based, but stem from measured legal analysis grounded in verified data and facts.
“The Legal Division of the Central Executive Board of Cerdas Waspada Investasi Global (DPP CWIG) confirms that all critical evidence—ranging from public content on the official website batbank.co.id; evidence of misuse of the name of President Prabowo Subianto, state institutions, and the Garuda Pancasila state emblem; copies of Demand Deposit Certificates (DDC) and Official Payment Receipts; documents marked Private & Confidential, Platinum Membership, and Agreement Letters; crypto-asset and domestic banking transaction data; communication and transaction evidence in the form of audio recordings, photographs, and videos; screenshots and screen recordings; as well as official correspondence and written responses from the Financial Services Authority (OJK), Bank Indonesia, and PPATK—has been comprehensively consolidated and is ready to serve as the basis for decisive legal action.”
“CWIG emphasizes that all processes will proceed through lawful, measured mechanisms and will remain open to being jointly monitored by the media; the opportunity for responsible resolution remains available, but if it is not utilized, formal legal reporting will be pursued immediately without delay,” Rahmat asserted”
