OJK Probes 32 Cases of Capital Market Manipulation

The Financial Services Authority (OJK) says it is still examining 32 cases of alleged capital market manipulation. “The investigators at OJK are continuing to delve into the parties suspected to be linked to the violations in question,” said Hasan Fawzi, acting Head of the Capital Market Supervisory, Financial Derivatives, and Carbon Exchange, at a press conference at the Bank Indonesia complex on Tuesday, 3 March 2026.

Hasan said the ongoing process involves examining documents and evidence, especially stock transactions, the flow of funds between parties suspected of involvement in the cases, and summoning and obtaining statements from parties relevant to the alleged violations in the capital market.

Those summoned to provide statements are not only securities companies, but could extend to clients.

In these cases of alleged violations in the capital market, Hasan said OJK has not specifically identified the involvement of influencers in the alleged market manipulation. However, he assured that OJK will impose measured sanctions on involved parties, including influencers, if elements of violation are found during the in-depth investigation. “There will be sanctions and fines in accordance with applicable laws and regulations,” he said.