Indonesia online lending cartel appeal questions regulator's targets
By Roffie Kurniawan ( August 28, 2026, 09:18 GMT | Insight) -- Indonesia's record online-lending cartel case may have targeted the wrong parties by prosecuting lenders while leaving the industry association that imposed the disputed interest-rate ceiling outside the case, a competition-law expert told a Jakarta court. As appeals by 87 lenders near their conclusion, the expert also questioned the absence of testimony clarifying the financial regulator's alleged role in directing the policy and whether the Indonesian Competition Commission had established a horizontal price-fixing agreement among competing lenders.Indonesia’s competition watchdog may have targeted the wrong parties in its landmark online-lending price-fixing case by prosecuting lenders while leaving the industry association that imposed the disputed interest-rate ceiling outside the case, a competition-law expert told a Jakarta court Thursday....
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