Mirae Asset Sekuritas Clarifies Rp14.5 Trillion Figure Amid OJK Investigation - Market

PT Mirae Asset Sekuritas Indonesia (MASI) denies strongly reports that Rp14.5 trillion figure represents part of the company’s assets, profits or revenue. The clarification comes after the Financial Services Authority (OJK) investigation, accompanied by the Indonesian National Police’s Criminal Investigation Agency (Bareskrim) at the company’s offices on Wednesday, 4 March 2026. MASI director Tomi Taufan said the Rp14.5 trillion figure mentioned in several reports is not the company’s profit. ‘Regarding the Rp14.5 trillion figure mentioned in a number of reports, we emphasise that the value is not profit, assets, or Mirae Asset Sekuritas’s revenue,’ Tomi said in a written statement on Friday, 6 March 2026. The management also assures all customer assets under MASI’s custody are safe. All securities and customer funds are recorded and stored officially in PT Kustodian Sentral Efek Indonesia (KSEI). In line with capital market regulations, customer funds and investment portfolios are kept separate from the company’s assets under strict oversight by relevant authorities to ensure maximum protection for investors. Tomi added that Mirae Asset remains committed to cooperating and respecting the ongoing process by authorities. The brokerage upholds transparency and good corporate governance principles. ‘We urge all parties to await official results from the ongoing process and not draw conclusions not in line with the facts,’ Tomi concluded. As is known, investigators from OJK have raided the Mirae Asset Sekuritas offices as part of an expansion of the inquiry into alleged manipulation of material information. The practice is alleged to violate Article 104 in conjunction with Article 90 subsidiary Article 107 of Law No. 8/1995 concerning the Capital Market. The case relates to the failure to report the affiliated parties receiving fixed allotments in an initial public offering (IPO) and the misreporting of IPO funds usage. ‘Suspected manipulation of reports and information is believed to involve the securities firms,’ OJK said in its official statement. In addition to information manipulation, investigators found indications of fictitious transactions involving seven corporate entities and 58 individual nominee entities. The sequence of transactions was executed by six operators under the control of the suspects, causing the shares of PT Berkah Beton Sadaya Tbk. (BEBS) to rise significantly by as much as 7,150% on the regular market. The alleged crime occurred from 2020 to 2022. OJK also suspects involvement of ASS as the BEBS beneficial owner, MWK as former Director of Investment Banking at PT MASI, and the Mirae Asset Sekuritas corporation with insider trading and fictitious transactions. To date, investigators have questioned 25 witnesses from MASI, Berkah Beton Sadaya (BEBS), banks, and nominees linked to the case.