Indonesia's OJK imposes Rp2.52 trillion in stock market fines

The Indonesian Financial Services Authority (OJK) has issued total fines amounting to Rp2.52 trillion (approximately $158 million) against various violators in the capital market through October 16, 2026. The enforcement actions include Rp2.23 trillion in administrative sanctions against 166 parties, alongside 28 written warnings, 8 suspensions, and 6 license revocations. Additionally, Rp293.78 billion was collected in fines for late filings from 805 parties.

Significant portions of these penalties stem from violations involving three major listed companies. A fine of Rp1.5 trillion was imposed on a company identified as SMT for share manipulation involving PT Dian Swastatika Sentosa Tbk (DSSA). Furthermore, Rp500 billion was levied against AH Ltd for concealing information during the IPO of PT Barito Renewables Energy Tbk (BREN), and Rp100 billion was fined against TC Pte Ltd regarding the IPO of PT Petrindo Jaya Kreasi Tbk (CUAN).

These measures are part of broader capital market reforms following warnings from MSCI regarding Indonesia's market status. As of October 1, 2026, the OJK reported 122 ongoing cases in various stages of investigation and planning.