PT MASI Office in District 8, SCBD Raided; OJK and Bareskrim Seize Boxes and a Suitcase

Jakarta – The elite SCBD area in South Jakarta became the focus of attention after the securities firm PT MASI’s office, located in District 8 Treasury Tower, was raided by the Financial Services Authority (OJK) together with the Police’s Criminal Investigation Agency (Bareskrim) on Wednesday, 4 March 2026. The operation forms part of an investigation into alleged manipulation of an initial public offering (IPO) that is said to involve prohibited practices in the capital market.

Several investigators were seen leaving the building carrying several boxes and one suitcase. The items are believed to be evidence seized from inside the securities firm.

Executive Director of Financial Services Investigation at OJK, Inspector General Daniel Bolly Hyronimus Tifaona, said the raid is part of the ongoing investigation.

‘We from OJK and Bareskrim Polri are conducting investigative activities, namely a raid. The raid at PT MASI,’ he said.

The case implicates ASS as the beneficial owner of PT BEBS and MWK, a former Director of Investment Banking at PT MASI. Not only individuals, but PT MASI the corporation is also in the crosshairs.

According to Daniel, the alleged violations are serious. Investigators found indications of insider trading, IPO manipulation, and sham transactions that occurred between 2020 and 2022.

‘In other words, buying shares based on information from insiders. In the capital market this is not allowed. Then engaging in sham trading is also not allowed,’ he said.

As a result of the allegations, OJK has named two people as suspects, namely ASS and MWK. They are alleged to have violated Article 104 in conjunction with Article 90 subsidary Article 107 of Law No. 8 of 1995 on the Capital Market.

‘The suspects we have questioned and whose status has been elevated – there are two, namely Mr AS and Mr M. They are now in the process of finalising the case,’ he added.