Indra Utoyo Resigns as Allo Bank CEO After Being Named Corruption Suspect
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JAKARTA, Thursday, July 10, 2025 — Indra Utoyo has officially resigned as President Director of PT Allo Bank Indonesia Tbko, or BBHI, following his designation as a corruption suspect in a high-profile procurement case during his previous role at PT Bank Rakyat Indonesia (Persero) Tbk, or BBRI.
The resignation was disclosed in a statement to the Indonesia Stock Exchange (IDX) on Thursday, July 10. In the announcement, Allo Bank’s board of commissioners confirmed the receipt of Indra’s resignation letter and emphasized the company’s support for him to focus on resolving his legal issues.
“This is in response to his naming as a suspect by the Corruption Eradication Commission (KPK) in a case from his previous tenure at another bank,” the company stated.
In the interim, Allo Bank has appointed Ari Yanuanto Asah as Acting President Director, effective immediately until the next General Meeting of Shareholders.
“All banking operations and customer services remain fully functional,” the company assured in the disclosure.
The KPK named Indra Utoyo a suspect in an alleged corruption case involving the procurement of electronic data capture (EDC) machines at BRI between 2020 and 2024. The total value of the project reached Rp 2.1 trillion (approximately $129 million).
The announcement was made by Acting Deputy for Enforcement and Execution at the KPK, Asep Guntur Rahayu, during a press briefing at the agency’s Jakarta headquarters on Wednesday, July 9.
Indra was accused based on his role as BRI’s Director of Digital, Information Technology, and Operations at the time. Four other individuals were also charged in the case: BRI Vice President Director Catur Budi Harto, Senior Executive Vice President of Asset and Procurement Management Dedi Sunardi, and two private-sector partners—Elvizar of PT Pasifik Cipta Solusi (PCS) and Rudy S. Kartadidjaja of PT Bringin Inti Teknologi (BIT).
“The five individuals enriched themselves and others or certain corporations, causing state financial losses of no less than Rp 744.54 billion ($45.7 million), based on real cost calculations,” said Asep.
The investigation into the Rp 2.1 trillion procurement is one of the largest corruption cases involving digital infrastructure in the Indonesian banking sector in recent years.