FBS Clarification Regarding Alleged Trading Fraud Case
Artur Ziganshin, legal counsel for FBS Markets Inc, has provided a clarification regarding the resolution of complaints concerning news reports of alleged trading fraud involving FBS in Bandung. The FBS party acknowledged that adjustments to news headlines have clarified that the alleged fraud pertains to individuals, rather than the FBS brand itself.
This clarification was issued in response to recommendations from the Press Council regarding a complainant’s request to retract three specific news articles. The Press Council’s recommendation is documented in Press Council Letter Number 1316/DP/K/IX/2026, dated 18 September 2026, concerning the Resolution of Complaints.
The Press Council’s analysis concluded that the complainant did not meet the requirements of Article 3 of the Press Council Complaint Procedures, as the news items were published beyond the two-month window allowed for complaints, unless involving special cases such as public interest or SARA (ethnicity, religion, race, and inter-group) issues. Furthermore, the request to delete the news could not be granted as published news cannot be retracted due to external censorship, according to Press Council Regulation Number 1/2012.
In their clarification, the legal counsel for FBS stated the following:
They acknowledge and appreciate the editorial response dated 26 August 2026 and the headline adjustments in the three aforementioned news reports, which clarify that the allegations involve individuals and do not assign fault to the entire FBS brand entity.
Neither Ms Yulia Ivanova nor the legal entity they represent is a party, suspect, defendant, or reported person in the legal case mentioned in the news, nor have they received any funds related to the case.
The suspect mentioned in the news is not an employee, director, or official representative of the legal entity they represent, and did not act on its behalf.
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