OJK to Examine Documents From Search in Rp14.5 Trillion Capital Market Case

JAKARTA, Kompas.com — The Financial Services Authority (OJK) will examine and sift evidence in the form of documents and USB data storage devices during a search at PT Mirae Asset Sekuritas Indonesia (MASI) related to an alleged capital market crime with transactions valued at Rp14.5 trillion. The search was conducted by OJK together with the Indonesian Police’s Criminal Investigation Agency (Bareskrim) as part of an ongoing investigation. ‘In the form of documents, the most numerous format is USB. Yes, USB is also a piece of evidence,’ said Executive Director of Investigations for the Financial Services Sector at OJK, inspector general Daniel Bolly Hyronimus, when met in the SCBD area, Jakarta, on Wednesday, 4 March 2026. Daniel explained that if any items are not needed in the investigation, they will be returned. ‘The evidence will be sorted at the office, and the defence lawyers are aware of what items we seized. We will sort and return those that are not necessary,’ he said. In this matter, OJK has named two suspects with initials AS and M. AS is known to be the beneficial owner of PT BEBS and M as former Director of Investment Banking at PT MASI. The case file for the second suspect has been completed and has been forwarded to the prosecutor’s office to await P21 status. ‘The two suspects’ files are complete; we have sent them to the prosecutor’s office and are just waiting for P21,’ he said. The total relates to around 2 billion shares with an approximate price of Rp7,000 per share. The shares are temporarily not tradable. The case occurred during 2021 to 2023. ‘This process is a continuation of the investigation into a matter that has been ongoing for a long time,’ Mirae Asset Sekuritas management said in a formal statement, on Wednesday, 4 March 2026. The management emphasised the company respects the legal process and is cooperative with investigators. It also supports providing data and information requested by the investigators. ‘We ensure that the company’ s operations continue normally and services are not affected,’ the statement read.