MENGUNGKAP KASUS PENYELEWENGAN DANA: ANTABOGA DELTA SEKURITAS RUGIKAN INVESTOR MILIARAN

Abstract

This research examines the case of misappropriation of investment funds by PT Antaboga Delta Sekuritas Indonesia which operated from December 2005 to November 2008, which has caused losses to 1,118 investors with total losses reaching IDR 470 billion. Using normative juridical research methods with a descriptive analytical approach, this research focuses on two main aspects: the role of the Financial Services Authority (OJK) in protecting investors' interests and the impact of this case on public trust in the national investment system. The research results show that OJK implements three forms of legal protection: preemptive through education and outreach, preventive through licensing and supervision systems, and repressive through the application of administrative sanctions. The PT Antaboga Delta Sekuritas case involving the misuse of customer funds to pay debts and promissory notes has created a long-term negative impact on public trust in the national investment system. This research recommends strengthening the real-time monitoring system, increasing coordination between supervisory institutions, establishing a more effective case resolution mechanism, and strengthening investor education programs to prevent the recurrence of similar cases in the future.