In the midst of the development of financial literacy and increasing investment needs, the existence of financial institutions is also increasing. But not infrequently, parties that do not have the authority in financial matters can actually operate freely. The most obvious example is what happened to Kospin Indosurya, which was recently declared bankrupt and involved in criminal scheme. Recently, the Ministry of Cooperatives and Small and Medium Enterprises said that at least eight savings and loans cooperatives union (Kospin or KSP) had similar problems and three of them were facing criminal charges, including Kospin Indosurya. To subscribe please click here
