{
    "success": true,
    "data": {
        "id": 1587081,
        "msgid": "ojk-bareskrim-raid-pt-masis-office-over-capital-market-case-1772618705",
        "date": "2026-03-04 16:24:38",
        "title": "OJK\u2013Bareskrim raid PT MASI\u2019s office over capital market case",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Regulation",
        "summary": "Indonesian financial regulator OJK and police investigators raided PT MASI\u2019s offices in South Jakarta as part of an ongoing probe into alleged manipulation of material facts in the capital market. The operation uncovered documents and other evidence, including USB drives, linked to a scheme involving fixed allotment IPOs and misreported IPO fund usage, with alleged inter-affiliate transactions and a substantial insider-trading gain. Two individuals have been named as suspects, including the former head of Investment Banking at PT MASI and the beneficial owner of PT BEBS.",
        "content": "<p>Jakarta \u2013 The Financial Services Authority (OJK) together with the\nIndonesian Police\u2019s Criminal Investigation Directorate (Bareskrim)\nconducted a raid on the offices of PT MASI (Mirae Asset Sekuritas\nIndonesia) in an office building in South Jakarta on Wednesday in\nconnection with a capital market offence. According to ANTARA,\ninvestigators were seen removing several cardboard boxes and a rolling\nsuitcase from the raid site at 14:53 WIB. Executive Director of\nInvestigations for the Financial Services Sector at OJK, Inspector\nGeneral Daniel Bolly Hyronimus Tifaona, said that the raid yielded a\nnumber of evidentiary items. \u2018Most of them are documents. The most is in\nUSB form,\u2019 he said. He explained that the case period spanned 2020\u20132022\nand was essentially already at the investigative stage. The raid was\nconducted as part of a development of the investigation into alleged\nmanipulation of material facts contravening Article 104 in conjunction\nwith Article 90, supplanted by Article 107 of Law Number 8 of 1995 on\nthe Capital Market. The manipulation of material facts concerns the\nfailure to report an affiliated recipient of fixed allotment in an\ninitial public offering (IPO) and the submission of IPO fund usage\nreports that did not reflect actual conditions. The suspected\nmanipulation is thought to involve a securities company. \u2018Why are we\nraiding this PT? Based on the investigations we have conducted into the\nPT in question, this corporation remains involved. So the ongoing\ninvestigation is being strengthened by us seeking further evidence at PT\nMA,\u2019 he said. Additionally, OJK investigators uncovered suspected sham\ntransactions as defined under Article 104 in conjunction with Article 91\nof Law Number 8 of 1995 on the Capital Market, involving inter-affiliate\ntransactions that included seven corporate entities and 58 individual\nnominee entities, executed by six operators under the control of the\nsuspects. The sequence of transactions is believed to have driven BEBS\u2019s\nshare price on the regular market to rise by about 7,150 percent. Daniel\ndisclosed that the illegal gains from insider trading amounted to Rp14.5\ntrillion. \u2018The total value is Rp14.5 trillion. Of the shares we froze,\nthere are about two billion shares at a share price around Rp7,000-plus;\nin total that amounts to roughly Rp14.4 trillion. We froze them, and\nthey must not be traded,\u2019 he said. From the case, two individuals have\nbeen named as suspects, namely ASS as the beneficial owner of PT BEBS,\nMWK as the former Director of Investment Banking at PT MASI, and the\ncorporate suspect PT MASI.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-bareskrim-raid-pt-masis-office-over-capital-market-case-1772618705",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}