OJK Raids Securities Office in South Jakarta, Freezes IDR 14.5 Trillion in Assets
OJK Raids Securities Office in South Jakarta, Freezes IDR 14.5 Trillion in Assets
05 Mar 2026 07:23
Voice of Indonesia
RRI.CO.ID, Jakarta - The Financial Services Authority (OJK), together with the Civil Servant Investigator Coordination Bureau (Korwas PPNS) of the National Police’s Criminal Investigation Agency (Bareskrim), raided the office of PT Mirae Asset Sekuritas Indonesia in South Jakarta on Wednesday, March 4, 2026.
The raid was part of an investigation into alleged capital market crimes involving sham share transactions. OJK Executive Director of Financial Services Investigations, Ins. Gen. Daniel Bolly Hyronimus Tifaona said the search was intended to strengthen evidence in the ongoing case.
“Based on our investigation of the company in question, the corporation is still involved. We are reinforcing the ongoing investigation by looking for other evidence at PT MA,” Daniel said at a press conference after the raid.
The case involves two suspects: ASS, the beneficial owner of PT Berkah Beton Sedaya Tbk (BEBS), and MWK, a former director of investment banking. In addition to the individual suspects, investigators are still pursuing the corporate element, which has been named as a suspect.
Daniel explained that sham trading and insider trading involve buying shares based on information from corporate insiders. “Such practices are not permitted in the capital market,” he said.
Investigators suspect insider trading and manipulation of the Initial Public Offering (IPO) process between 2020 and 2022. Approximately two billion shares, valued at around IDR 14.5 trillion, have been frozen as part of the legal process.
“The total value of the frozen shares is IDR 14.5 trillion. That amounts to about two billion shares priced at around IDR 7,000 each, with a total of IDR 14.1 trillion,” Daniel said.
Investigators continue to develop the case to complete evidence against both individuals and corporations. The suspects are alleged to have violated Law No. 8/1995 on Capital Markets.
The case files have been transferred to the prosecutor’s office. Investigators are awaiting P-21 status, which indicates that the files meet formal and material requirements and are ready to proceed to court for trial. (Gusti Panji/Lasti Martina)