Bapepam to get investigation training

Bapepam to get investigation training

JAKARTA (JP): Officials investigating capital market crimes
are to get special training from the Supreme Court.

The training will be provided under a memorandum of
understanding which was signed yesterday by the Capital Market
Supervisory Agency (Bapepam) and the Attorney General's Office
(AG0).

The training, to be carried out by AGO officials, will improve
the skills of Bapepam's officials in investigating and
questioning people suspected of capital market crimes.

The cooperation agreement, signed by Bapepam Chairman I Putu
Gde Ary Suta and Deputy Attorney General for Supervision Sidharta
Tjokrowasito, also allows Bapepam to give technical advice on
capital market activities to AGO officials.

Finance Minister Mar'ie Muhammad, who with Attorney General
Singgh witnessed the signing ceremony, said legal enforcement in
the capital market should be based on capital market law.

But having capital market law alone was not sufficient if it
was not supported with the enforcement of the law in capital
market operations, he said.

"What's more important is the enforcement of the law in the
daily market operations," he said.

"You know there are some good and bad investors in the capital
market," he said.

"The memorandum aims to better prepare Bapepam to cope with
capital market crime in the future."

He said trading activities and investment instruments in the
capital market would grow and diversify in line with steady
market development.

Bapepam recently investigated hundreds of brokerage executives
and directors of the Jakarta Stock Exchange over Bank Pikko's
sudden share rise on the exchange early last month.

The investigation resulted in senior executives of two
securities companies being fined and more than 50 securities