OJK urges the public not to invest in Green Power Enel, here's why!

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OJK Imbau Masyarakat Tidak Investasi di Enel Kekuatan Hijau, Ini Sebabnya!

The Enel Power Green money-making application that offers instant benefits to the public is an illegal application and it is confirmed that it does not have a permit by the Investment Alert Task Force (SWI) whose members include the Financial Services Authority (OJK).

The Investment Alert Task Force (SWI) consisting of 12 ministries and institutions including the Financial Services Authority (OJK) appealed to the public not to join the Enel Green Power money-making application.

Based on a Business , the app is still available on the Play Store under the name Green Energy. In its description, the app offers a low investment method with high return on investment. The app has received a 4.4 star rating with 4,000 reviews.

So why did this application get the spotlight from the OJK Investment Alert Task Force?

The chairman of SWI and the Head of the Financial Services Sector Investigation Department of the Financial Services Authority (OJK) Tongam L. Tobing suspects that the Enel Power Green application is a money game activity through a money-making application under the guise of investing in power generation equipment that promises profits of up to 200 percent.

"They ask people to make deposits and recruit members to get higher bonuses," Tongam said, Wednesday (29/6/2022).

He also emphasized that the application is an illegal investment platform and does not have a permit from any regulator.

He appealed to the public to be careful and be aware of all fraudulent investment modes, illegal online loans, illegal savings and loan cooperatives, and illegal trading applications through applications.

"The Investment Alert Task Force has stopped several money-generating applications that have similar activities, including the name Schneider pv. The public is asked not to participate in [such applications] because they are suspected of being fraudulent," he said.

SWI will block all financial platforms that do not have a financial technology permit from the OJK, the Commodity Futures Trading Supervisory Agency (Bappebti) of the Ministry of Trade, or at least registered as an application under the supervision of the Indonesian Ministry of Communication and Information (Kemenkominfo).

Meanwhile, SWI consists of 12 Ministries and Institutions, including the Ministry of Communication and Information, the Indonesian Police, and the Financial Services Authority (OJK). The public can report all forms of suspicious financial access offers through OJK or SWI consumer services, namely OJK 157, email consumer@ojk.go.id or alertinvestasi@ojk.go.id .

Meanwhile, a complete list of illegal lending, fraudulent investments, illegal trading applications, and other illegal financial institutions that have been blocked by SWI can be accessed via: https://www.ojk.go.id/waspada-investasi/id/alert- portals/Pages/default.aspx.