Indonesia antitrust regulator defends online lending cartel ruling against appeals
By Roffie Kuniawan ( May 22, 2026, 06:41 GMT | Insight) -- Indonesia’s competition regulator has urged a Jakarta court to reject appeals filed by 87 online lenders against its record interest-rate cartel ruling. The regulator argued that the lenders cannot rely on alleged government involvement or the use of price ceilings to escape liability for coordinating lending rates through their industry association.Indonesia’s competition agency urged judges on Thursday to reject appeals filed by 87 online lenders against the regulator's record interest-rate cartel ruling, arguing that neither government involvement nor the use of price ceilings exempted the lenders from competition law....
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