Indonesia’s Financial Services Authority (OJK) and the National Police have successfully repatriated Adrian Gunadi, former CEO and co-founder of P2P lending platform Investree, from Qatar, after a months-long international pursuit, according to a statement on Friday.
Gunadi is accused of illegally raising funds totalling 2.7 trillion rupiah ($161 million) between January 2022 and March 2024. He allegedly used PT Radhika Persada Utama (RPU) and PT Putra Radhika Investama (PRI) as special purpose vehicles to collect funds illegally under the name of PT Investree Radhika Jaya. The funds were allegedly diverted for personal use.
Gunadi faces charges under Article 46 jo Article 16 (1) of the Banking Law, and Article 305 (1) jo Article 237 (a) of Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector jo Article 55 of the Criminal Code, carrying a potential prison sentence of five to 10 years.
During the investigation, Gunadi was declared a fugitive after failing to cooperate and fleeing to Doha. On November 14, 2024, Indonesian authorities issued a wanted list (DPO) and an Interpol Red Notice.
During a press conference at Soekarno Hatta Airport, the National Police stated that the repatriation took longer than expected because Gunadi was already a permanent resident holder in Qatar.
Gunadi was already a permanent resident holder in Qatar
Although the government initially considered a formal government-to-government (G2G) extradition request, the process was deemed too slow. Instead, Indonesian police leveraged an NCB-to-NCB (National Central Bureau) cooperation framework and secured Qatar’s assistance following an Interpol Asia regional conference in Singapore, where Qatari officials pledged support for the operation.
OJK’s Deputy Commissioner for Legal Affairs and Investigation, Yuliana, expressed “the deepest appreciation to the Indonesian National Police, the Attorney General’s Office, the Ministry of Law and Human Rights, the Ministry of Foreign Affairs, Immigration authorities, and the Financial Transaction Reports and Analysis Center (PPATK) for their support and cooperation in bringing the suspect back to Indonesia”.
Gunadi’s passport was also revoked by Indonesia’s Ministry of Immigration to prevent further travel. He is now in OJK custody, held at the Bareskrim Polri detention centre, pending legal proceedings.
Gunadi co-founded Investree in 2015 and served as CEO until his abrupt departure in early 2024. The P2P lender—once a prominent player in Indonesia’s fast-growing fintech scene—has been under intense regulatory scrutiny after liquidity problems and rising non-performing loans surfaced earlier this year.
In March 2025, Investree officially entered liquidation after its licence was revoked by the OJK in October 2024. A liquidation team was appointed to handle all related matters, including the verification and settlement of any claims.
