Chronology of Okin's Dispute with His Business Partner Leading to a Police Report for Alleged Money Laundering

The culinary business that was once promising has now turned into a legal dispute. Musician Niko Al Hakim, also known as Okin, who is recognized as one of the founders of the culinary brand Ngikan Yuk, is now in conflict with his partner, Hendy Setiono, CEO of Baba Rafi Enterprise. This conflict began from allegations of financial non-transparency, which led to a police report for alleged Money Laundering Crimes (TPPU).

The dispute escalated after Okin openly revealed his issues through social media. He claimed to have repeatedly requested financial reports in the form of bank statements since 2021, but his requests were never met. Okin's suspicions grew stronger after discovering alleged business funds flowing into Hendy's personal account without his knowledge.

After unsuccessful attempts to resolve the matter through a warning letter, Okin finally took the case to the legal realm by reporting Hendy to the Criminal Investigation Agency of the National Police in September 2024. However, shortly after, Hendy counter-reported Okin for alleged civil cases, claiming that Okin was not the legitimate owner of the business. This dispute has heated up and attracted public attention.

1. The Beginning of Okin and Hendy's Partnership in the Culinary Business

Chronology of Okin's Dispute with His Business Partner (credit: instagram/okintph)

In 2019, Okin and Hendy Setiono began their collaboration in the culinary business, which later became known as Ngikan Yuk. This business grew rapidly thanks to its unique concept and massive promotion on social media. Okin himself played an active role in introducing this brand to the public.

The success of this business attracted many partners to join the franchise system. However, amid its rapid growth, Okin began to sense a lack of transparency in the company's financials. He felt that as a shareholder, he was not receiving reports that accurately reflected the actual transactions.

2. Okin Requests Bank Statements but Was Never Given Them

Chronology of Okin's Dispute with His Business Partner (credit: instagram/okintph)

Since 2021, Okin has repeatedly requested bank statement reports as a form of financial transparency. However, this request was never fulfilled by Hendy. Okin was only given financial reports in the form of Excel files, which he felt were insufficient to accurately depict the company's financial condition.

"For the past two years, at every meeting, we were given financial reports in Excel format, but they were never real bank statements," Okin stated in his remarks on social media. His suspicions grew when he discovered indications of funds flowing into Hendy's personal account.

3. Three Notices, but Ignored

Chronology of Okin's Dispute with His Business Partner (credit: instagram/okintph)

Feeling that something was amiss, Okin sent a notice to Hendy three times throughout 2023. He hoped that Hendy could provide a more transparent explanation regarding their business finances. However, these efforts yielded no results, as Hendy did not provide a satisfactory response.

After various persuasive legal efforts proved fruitless, Okin ultimately took the matter public. He posted his complaints on Instagram Story, which then went viral. Shortly after, several other parties who claimed to have had issues with Hendy also spoke up.

4. Okin Reports to Police for Alleged Money Laundering

Chronology of Okin's Dispute with His Business Partner (credit: instagram/okintph)

In September 2024, Okin officially reported Hendy to the Indonesian National Police's Criminal Investigation Agency (Bareskrim) for alleged Money Laundering Crimes (TPPU). He felt there was enough evidence indicating fund misappropriation in the business they were running together. Okin also found evidence of funds flowing into Hendy's personal account, rather than the company's account.

After the police report was filed, Hendy suddenly contacted Okin and requested that the report be withdrawn. However, Okin refused that request and continued with the legal process. He assessed that Hendy's actions had harmed many parties and needed to be resolved through the proper channels.

5. Hendy Setiono Files Counter Report Against Okin

Not long after the report against Okin was made, Hendy actually took legal action by counter-reporting Okin for alleged civil wrongdoing. In his lawsuit, Hendy claimed that Okin was not the legitimate owner of shares in the Ngikan Yuk business and did not have any real contribution to the company's operations.

Okin responded to this counter-report by denying Hendy's claims. According to him, the role he played from the beginning was very influential in growing the brand, especially in terms of promotion. "Well, who created over 200 plus stores? What matters is that the closing money comes in, right boss?" he wrote on social media, mocking the party he accused of misappropriating funds.

6. What is the main cause of the conflict between Okin and Hendy Setiono?

The conflict began from the lack of financial transparency in the Ngikan Yuk business, which made Okin suspect that there was misappropriation of funds.

7. What legal action has Okin taken?

Okin has reported Hendy Setiono to the Criminal Investigation Agency of the National Police for alleged money laundering after his warning letter went unanswered.

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(kpl/sjn)