Polri and OJK raid Mirae Asset Sekuritas office as victims seek return of funds
The Financial Services Authority (OJK) together with the Criminal Investigation Department (Bareskrim) of the Indonesian Police conducted a search at the office of PT Mirae Asset Sekuritas Indonesia in the SCBD complex, South Jakarta, on Wednesday 4 March 2026. The search relates to alleged stock market manipulation.
The lawyer for the victims of alleged illegal access to Mirae Sekuritas’ accounts, Krisna Murti, responded to the search. He said that they respect the legal process and support investigators, adding that they believe the investigators are acting professionally.
“We respect the ongoing legal process. We support the investigators’ work; we believe they are working professionally,” Krisna said in a statement on Wednesday 4 March 2026.
Krisna hopes this case can be a channel for the alleged illegal access to be fully exposed, so that victims receive legal certainty regarding the losses they suffered.
“Victims need certainty. They suffered losses amounting to as much as IDR 71 billion, and there are other victims as well. There must be certainty about how their money can be returned,” he added.
Krisna urged the OJK and Bareskrim to thoroughly uncover this case. He said the fate of the victims of alleged illegal access must be prioritised for recovery.
“There must be a solution from Mirae for restoring the losses of its customers. It would be unacceptable if victims have already lost their money and then suffer further losses elsewhere,” he stated.
Earlier, OJK together with Bareskrim conducted a search at the PT MA office on Wednesday 4 March. In the search, which lasted from noon until the afternoon, investigators secured various evidentiary items.
According to Executive Director of Financial Services Sector Investigations, OJK, Inspector General Daniel Bolly Hyronimus Tifaona, the search was conducted by OJK with the accompaniment of Bareskrim Polri. The search was conducted because PT MA was suspected of involvement in stock market cases.
“So the ongoing investigations are being strengthened as we search for additional evidence at PT MA,” he said.
Daniel stated that the case involving PT MA is a development of allegations of manipulation of material facts violating Article 104 in conjunction with Article 90, subsidiary Article 107 of Law Number 8 of 1995 on the Capital Market.
Specifically, the case relates to the failure to report affiliated recipients of fixed allotment in an IPO (Initial Public Offering). It also concerns reporting on the use of IPO funds that does not reflect actual conditions.
Meanwhile, Mirae Asset said it would cooperate with the legal process. Mirae Asset acknowledged that OJK and Bareskrim visited their SCBD office in South Jakarta.
“As part of the ongoing legal process, PT Mirae Asset Sekuritas Indonesia received a visit from Bareskrim (Polri) and OJK regarding clarification and information gathering,” according to a Mirae Asset press release. (H-2)