Mirae Asset Sekuritas Speaks Out After Office Raided by Bareskrim-OJK
Mirae Asset Sekuritas Speaks Out After Office Raided by Bareskrim-OJK
Jakarta, CNBC Indonesia - PT Mirae Asset Sekuritas Indonesia has spoken out after a search conducted by Bareskrim Polri and the Financial Services Authority (OJK) at its offices today, Wednesday, 4 March 2025.
‘As part of the ongoing legal process, PT Mirae Asset Sekuritas Indonesia received visits from Bareskrim & OJK for clarification and information gathering,’ according to an official company statement on Wednesday, 4 March 2025.
The exchange member stated that this process is a continuation of the development of investigations into a case that has long been underway. The company respects and cooperates with the ongoing examination and fully supports requests for data and information as required.
Management also spoke about the outlook for customers amid the investigation.
‘We confirm that the company’s operations remain normal and that services are not affected,’ he said.
It is known that OJK and the Indonesian Police (POLRI) conducted the raid at the securities firm office with the initials PT Mirae Asset Sekuritas Indonesia (MASI), located at Treasury Tower in the Sudirman Central Business District, Jakarta, on Wednesday, 4 March 2026, as part of law enforcement in relation to alleged crimes in the capital market.
The raid conducted by the OJK Investigative Team was carried out to develop investigations into alleged manipulation of material information related to the non-disclosure of an affiliated party receiving fixed allotment in an Initial Public Offering (IPO) and the submission of IPO fund usage reports not in accordance with actual conditions. The alleged manipulation of reports and information is suspected to involve a securities firm.
The alleged capital market crime occurred between 2020 and 2022 and is alleged to involve Mr. ASS as beneficial owner of PT BEBS, Mr. MWK as former Director of Investment Banking at PT MASI, and the corporation PT MASI, with the modus operandi of insider trading, IPO manipulation, and fictitious transactions.
The sequence of transactions is alleged to have caused BEBS share prices on the regular market to rise significantly, by up to around 7,150 percent.
Investigator Daniel Bolly Hyronimus Tifaona of the Financial Services Investigation Unit disclosed that total proceeds from these illegal activities are estimated to reach Rp 14.5 trillion.
‘There were about 2 billion shares at a price around Rp 7,000 each. The total is Rp 14 - 14.5 trillion, which we froze. Trading is not allowed for now,’ Bolly said at a press conference on Wednesday, 4 March 2026.
He explained that the case covers the period from 2021 to 2023.