{
    "success": true,
    "data": {
        "id": 1599130,
        "msgid": "governments-firm-action-against-stock-manipulation-seen-to-strengthen-market-stability-1773050007",
        "date": "2026-03-09 14:56:53",
        "title": "Government's Firm Action Against Stock Manipulation Seen to Strengthen Market Stability",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Regulation",
        "summary": "Indonesia's Financial Services Authority (OJK) and police have launched a joint investigation into PT Mirae Asset Sekuritas Indonesia for alleged insider trading and market manipulation involving fictitious transactions that inflated share prices of PT Berkah Beton Sadaya Tbk by approximately 7,150 percent, with estimated illegal profits of IDR 14.5 trillion. Financial analysts emphasise that decisive regulatory action and enhanced capital market oversight are essential to restore investor confidence and maintain stability at the Indonesia Stock Exchange. Two suspects have been identified in connection with the case, which involved manipulation of material information and failure to report affiliated parties in IPO processes.",
        "content": "<p>Govt\u2019s Firm Action Against Stock Manipulation Seen to Strengthen\nMarket Stability<\/p>\n<ul>\n<li><p>09 Mar 2026 11:54 WIB<\/p><\/li>\n<li><p>Voice of Indonesia<\/p><\/li>\n<\/ul>\n<p>RRI.CO.ID, Jakarta - The Indonesian Financial Services Authority\n(OJK) conducted an unannounced inspection of PT Mirae Asset Sekuritas\nIndonesia (MASI) offices in connection with allegations of insider\ntrading and market manipulation.<\/p>\n<p>The joint investigation with the Indonesian Police Criminal\nInvestigation Agency (Bareskrim) revealed unusual stock-trading\nactivities between 2020 and 2022.<\/p>\n<p>Financial sector analyst and consultant Elvi Diana said the move was\nnecessary to maintain the stability of the Jakarta Composite Index (JCI)\nat the Indonesia Stock Exchange (IDX) and to eradicate illegal gain\npractices.<\/p>\n<p>\u201cTherefore, adequate support from the government and the House of\nRepresentatives\u2019 Commission XI is crucial in eradicating these practices\nthoroughly and decisively, including transparency of information to the\npublic,\u201d Elvi said in Jakarta on Monday, March 9, 2026, as quoted by\nAntara.<\/p>\n<p>She emphasized the urgency of reforming capital market oversight to\ndetect potential stock price manipulation early. \u201cThe capital market\nrequires strong oversight that is transparent and beyond any influence.\nWithout it, investor confidence could easily be undermined,\u201d she\nstated.<\/p>\n<p>OJK Executive Director of Financial Services Sector Investigations,\nInspector General Daniel Bolly Hyronimus Tifaona, explained that\ninvestigators found allegations of manipulation of material information\nin the initial public offering (IPO) process. These included the failure\nto report affiliated parties receiving fixed allotments and the issuance\nof IPO fund utilization reports that did not reflect actual\nconditions.<\/p>\n<p>Investigators also identified fictitious transactions that allegedly\ncaused the share price of PT Berkah Beton Sadaya Tbk (BEBS) to surge by\naround 7,150 percent on the regular market. Based on these insider\ntrading practices, the estimated value of illegal profits was IDR 14.5\ntrillion (approx. USD 853.49 million).<\/p>\n<p>In this case, investigators named two individuals as suspects: ASS,\nthe beneficial owner of BEBS, and MWK, the former Director of Investment\nBanking at PT Mirae Asset Sekuritas Indonesia. ***<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/governments-firm-action-against-stock-manipulation-seen-to-strengthen-market-stability-1773050007",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}