The flow of funds from the fraudulent Bahana Lintas Nusantara (BLN) cooperative case has finally been revealed. It turned out that the money collected from tens of thousands of customers was not only used in fraudulent schemes, but was also diverted to various other sources postfrom assets to crypto.
Bodong Cooperative Scheme Exposed, Funds Flow in Various Directions
Quoted from Detik news on Friday (22/05/2026), the Financial Transaction Reports and Analysis Center (PPATK) revealed that funds entering the BLN cooperative were not used for business. These findings make it clear that there are no activities that support the cooperative.
On the contrary, funds are channeled to various needs that are not transparent. This stream includes a wide range of posts, ranging from internal interests to uses outside of the obvious business activities.
Director of Analysis and Inspection II PPATK, M Shalehudin Akbar, explained that the flow of funds was carried out through various methods. Starting from transfers to affiliated company accounts to large cash withdrawals.
“Some went into the accounts of affiliated companies, there were also cash withdrawals. Friends from the Regional Police also reported that asset purchases had been revealed,” said Akbar at a press conference at the Central Java Regional Police.
It didn’t stop there, PPATK also found that some of the funds flowed to internal parties, including employees and the suspect’s family. Some others are even used for buy cryptowhich makes the flow of funds even more complex to trace.
Funds Used for Crypto and Personal Needs
The fact that customer funds were diverted to crypto was the most prominent finding. Apart from potentially disguising transaction traces, this step also makes the flow of funds more difficult to track conventionally.
“There are also funds that flow to employees and we also find that there are flows to families, including him, there are also crypto purchasing assets,” continued Akbar.
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In this way, funds that should be used as customer savings are actually used for personal interests. Starting from purchase crypto to the needs of the suspect’s family.
This strengthens the suspicion that from the start the cooperative did not have a clear investment basis, but only used incoming funds for purposes outside the business.
Scheme Ponzi So the essence of fraud
Furthermore, PPATK ensures that the model used by BLN is a scheme Ponzi classic. Yield The high promised to customers does not come from business profits, but from new member deposits.
“If you look at the transactions, actually there is no business that can accommodate that amount of interest. So this is right Ponzi scheme. “The first customer’s investment results were obtained from the last customer, and in the end they continued to roll in,” said Akbar.
Meanwhile, the Central Java Regional Police named two suspects, namely the Chairman of the 2018–2025 BLN Cooperative with the initials NNP (54) and the Head of the BLN Salatiga Branch with the initials D (55). Both offer products with the promise of high profits, one of which is up to 4.17 percent per month.
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