Indonesia’s Financial Services Authority (OJK), along with the Criminal Investigation Unit of the National Police (Bareskrim Polri), conducted a raid of PT Mirae Asset Sekuritas Indonesia’s office in the Senayan area of Jakarta on Wednesday, March 4, 2026, as part of an investigation into alleged violations of capital market regulations.
The search began mid-day, and by approximately 3:00 PM local time, investigators were seen carrying several boxes containing evidence from the raid.
“Today, we from the OJK and Bareskrim Polri carried out an investigation, namely a search of PT MA. Bareskrim accompanied us, so Bareskrim assisted us in carrying out the search,” said Irjen Daniel Bolly Hyronimus, Director of Financial Services Sector Investigators at the OJK, to reporters at the scene. The move signals increased scrutiny of trading practices within the Indonesian securities market.
SCROLL TO CONTINUE WITH CONTENT
According to OJK officials, the raid is connected to allegations of fictitious stock transactions involving Mirae Asset Securities. The investigation centers on ASS, identified as the beneficial owner of PT BEBS, and MWK, a former Director of Investment Banking at PT Mirae Asset. The OJK has also named PT Mirae Asset as a corporate suspect in the case.
“We have already questioned two suspects and elevated their status. These individuals are AS, and M. The case is currently being finalized. The corporate aspect of the case is still ongoing,” Hyronimus stated.
The alleged scheme involved insider trading, manipulation of the initial public offering (IPO) process, and fictitious transactions between 2020 and 2022.
“This included purchasing shares based on inside information, which is prohibited in the capital markets. They also engaged in sham trading, which is also illegal,” Hyronimus explained.
The OJK estimates the illegal gains from the insider trading to be Rp 14.5 trillion (approximately $900 million USD based on current exchange rates). Approximately 2 billion shares have been frozen as part of the investigation.
“The total value of all frozen assets is Rp 14.5 trillion. This figure represents approximately 2 billion shares, priced around Rp 7,000 each. These shares are currently restricted from trading,” he added.
Both ASS and MWK have been designated as suspects by the OJK, facing potential violations of Article 104 in conjunction with Article 90, or alternatively Article 107, of Law Number 8 of 1995 concerning the Capital Market.
“Today’s activities are a follow-up to the ongoing investigation. The files for the two suspects have been completed and submitted to the public prosecutor’s office, pending a P21 ruling,” Hyronimus clarified.
Saksikan Live DetikSore:
Lihat juga Video Bareskrim Geledah Kantor Sekuritas di SCBD Terkait ‘Saham Gorengan’
(ond/jbr)
