Online lenders press Indonesian regulator to re-summon key witness in cartel probe
By Roffie Kuniawan ( November 19, 2025, 07:07 GMT | Insight) -- Online lenders are urging Indonesia’s antitrust regulator to keep trying to secure testimony from a former financial regulator in their ongoing interest-rate cartel case, after he failed to appear at three consecutive hearings. The lenders expect testimony from the former official — Hendrikus Passagi, the director of fintech licensing and supervision from 2017 to 2020, the period when the rate cap in question was set — to bolster their defense, as local media have previously quoted him as saying the rate cap was issued at the regulator’s direction.Online lenders are urging Indonesia’s antitrust regulator to keep trying to secure testimony from a former financial regulator in their ongoing cartel case, after he failed to appear at three consecutive hearings....
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