September 13, 2025 | 09:25 am
TEMPO.CO, Jakarta - Suspicious activity was detected in the customer fund account (RDN) of PT Panca Global Sekuritas at Bank Central Asia (BCA), Indonesia’s largest private lender, on Tuesday, September 9, 2025. The special account, which is used for investors and securities companies, experienced multiple fund withdrawals in a short period of time.
According to Trisno Limanto, the director of PT Panca Global Kapital Tbk (PEGE), which represents Panca Global Sekuritas (PGS), the fund transfers were unauthorized as they were intended for transactions outside of the capital market.
In a public disclosure to the Indonesia Stock Exchange on Friday, September 12, 2025, Trisno stated, "The fund transfer was directed to an account not previously registered by PGS (whitelist) with suspected outward transfers through BCA Business Click."
For investors, having RDN is a mandatory requirement. This is because investors can only conduct capital market transactions through their RDN. This investment account allows investors and securities companies to buy and sell stocks, mutual funds, bonds, and other securities.
Trisno mentioned that the management of Panca Global Sekuritas is currently assessing the extent of the losses from this incident. Previous reports indicate that the embezzlement has caused customer losses of around Rp70 billion (US$4.5 million).
The company is also coordinating with BCA. Trisno explained that on September 10, 2025, PGS management took action by returning the funds to the affected RDN.
Additionally, Panca Global Sekuritas has deactivated the suspected problematic system, which has resulted in limited access to its trading platform.
"PGS management always prioritizes the interests of its customers and strives as much as possible not to cause harm to them," he said.
BCA Investigates the Incident
I Ketut Alam Wangsawijaya, BCA Corporate Secretary, confirmed that the company is currently investigating the incident. In a public disclosure to the Indonesia Stock Exchange on Friday, September 12, 2025, he stated, "BCA is conducting a thorough investigation of the incident, together with related securities companies."
Alam assured the public that the BCA system is secure. He mentioned that the bank has taken necessary steps, including coordinating with securities companies and receiving institutions. "BCA is committed to supporting the investigation by all relevant parties," he said.
He added that BCA uses a layered security approach and robust standards to protect data and mitigate risks. "BCA consistently secures data by implementing layered security strategies and standards," he said.
Past Incidents and Security Reminders
This is not the first time a fraudulent incident has occurred at BCA. In 2023, a BCA savings account with Rp320 million was also embezzled.
At the time, BCA's President Director, Jahja Setiaatmadja, stressed the importance of protecting personal banking information. He urged customers not to disclose their ID card number, ATM card number, passbook information, or PIN to anyone, including relatives and close friends.
"The ID card, ATM card, passbook, and PIN are your second life. So, customers must be able to keep them secure," Jahja said at a press conference on Thursday, January 26, 2023.
He explained that with an ATM card and PIN, a person can withdraw up to Rp10 million at an ATM. "Furthermore, they can also transfer Rp25 million to Rp50 million to another bank through an ATM," he added.
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