Indonesia online lenders attack cartel ruling over lack of evidence, procedural flaws
By Roffie Kuniawan ( June 5, 2026, 03:01 GMT | Insight) -- Eighty-seven Indonesian online lenders have urged a Jakarta court to overturn the Indonesian antitrust agency's record interest-rate cartel ruling, arguing that the regulator failed to prove any agreement among competitors to fix prices. The lenders said the KPPU relied on flawed economic analysis, ignored the mandatory nature of industry rules imposed through their association and continued seeking information from government agencies after the evidentiary phase had concluded.Eighty-seven Indonesian online lenders have attacked the legal and economic foundations of the Indonesian antitrust agency's record interest-rate cartel ruling, arguing that the regulator failed to prove any agreement among competitors to fix prices....
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