Complete! These Are OJK Sanctions Against Former Bliss Boss, Bentjok, and Auditor
Jakarta — The Financial Services Authority (OJK) has imposed administrative sanctions and prohibitions on multiple parties for violations in the capital markets in connection with the Initial Public Offering (IPO) of PT Bliss Properti Indonesia Tbk.
In a decision determined on 13 March 2026, the OJK found improper presentation of transactions in the company’s financial statements that did not provide economic benefit to the enterprise.
Bliss Properti recorded related-party receivables from PT Bintang Baja Hitam totalling Rp31.25 billion in its 2019 annual financial statements. Additionally, the company recorded advance payments to PT Ardha Nusa Utama totalling Rp116.7 billion in financial statements from 2019 through 2023.
The OJK determined that both transactions were ineligible for recognition as assets as they did not provide future economic benefit. The funds, derived from the company’s IPO proceeds, subsequently flowed to the company’s controlling shareholder Benny Tjokrosaputro, totalling Rp126.6 billion, and to PT Ardha Nusa Utama, totalling Rp116.7 billion.
Following these findings, the OJK imposed an administrative sanction comprising a fine of Rp2.7 billion against PT Bliss Properti Indonesia Tbk.
Benny Tjokrosaputro, as the company’s controlling shareholder, was subject to a lifetime ban from serving as a board member, director, or officer of any company in the capital markets sector effective from the date the decision was determined.
Additionally, several company directors were subject to sanctions. Gracianus Johardy Lambert and Astried Damayanti, as directors during 2019, were jointly liable for a fine of Rp110 million.
Gracianus Johardy Lambert, Basuki Widjaja, and Eko Heru Prasetyo, as directors from 2020 through 2023, were jointly liable for a fine of Rp1.95 billion.
Beyond the fine, Gracianus Johardy Lambert, who served as the company’s President Director during 2019–2023, was also subject to a five-year prohibition from engaging in capital markets activities.
The OJK also imposed sanctions on auditors. Public accountants Patricia and Helli Isharyanto Budi Susetyo were each fined Rp150 million for failing to fully apply professional standards for public accountants in executing the company’s financial audit.
Furthermore, the securities underwriter in Bliss Properti’s IPO, PT Nonghyup Korindo Sekuritas Indonesia, was subject to an administrative fine of Rp525 million and a one-year suspension of its underwriting licence.
The OJK determined that the securities firm allocated guaranteed share allocations to investors identified as nominees of Benny Tjokrosaputro and failed to conduct adequate customer due diligence procedures in identifying beneficial owners and investor funding sources.
Additionally, Amir Suhendro Samirin, Director of PT Nonghyup Korindo Sekuritas Indonesia during 2019, was fined Rp40 million and banned from capital markets activities for one year.
Overall, total administrative fines imposed by the OJK in this case reached Rp5.63 billion.