{
    "success": true,
    "data": {
        "id": 1595210,
        "msgid": "ojk-uncovers-bebs-stock-pump-scheme-as-share-price-climbs-7-150-per-cent-1772877573",
        "date": "2026-03-07 16:18:00",
        "title": "OJK Uncovers BEBS Stock Pump Scheme as Share Price Climbs 7,150 Per Cent",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Financial Services Authority (OJK) reports illicit gains from insider trading tied to a BEBS stock manipulation case, driven by the beneficial owner identified as ASS. Price surge from Rp100 at IPO to around Rp7,250 was caused by inter-account trades; assets were subsequently forcibly recovered by the suspect and a Rp70 billion REPO facilitated immediate funding, with securities losses noted.",
        "content": "<p>Jakarta \u2013 The Financial Services Authority (OJK) reported findings of\nillegal gains from insider trading in the development of a stock\nmanipulation case involving PT Berkah Beton Sadaya Tbk (BEBS). Executive\nDirector of Investigations in the Financial Services Sector at OJK,\nDaniel Bolly Hyronimus Tifaona, explained that investigators found\npractices of obtaining illicit gains derived from price manipulation.\nThe price manipulation scheme was carried out by the BEBS beneficial\nowner, identified as ASS, who has been named as a suspect. The suspect\nis known to be unable to sell the shares or exit BEBS stock at this\ntime. This is because from the outset, share ownership was recorded\nthrough a corporate and individual nominee, accounting for 98.5 percent\nof the total IPO shares. \u201cBased on a REPO (Repurchase Agreement) with PT\nPendanaan Efek Indonesia, the suspect ASS obtained immediate funds\namounting to Rp 70 billion,\u201d he said in a video statement received by\nKompas.com, on Saturday, 7 March 2026. The rise in BEBS\u2019s share price\noccurred due to inter-account trading among the accounts previously\nformed. Consequently, the share price that was Rp 100 at the IPO could\npeak at around Rp 7,250. \u201cSeveral trading teams admit to obtaining very\nlarge personal gains,\u201d he added. Nevertheless, the assets were\nsubsequently forcibly seized back by the suspect ASS. \u201cAt the time BEBS\nshares reached their all-time high, the circulating value of BEBS shares\nwas Rp 14.5 trillion, comprising 2 billion shares at Rp 7,290,\u201d Daniel\nsaid. Daniel revealed that there was an anomaly in this event due to\nlosses suffered by the securities firms.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-uncovers-bebs-stock-pump-scheme-as-share-price-climbs-7-150-per-cent-1772877573",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}