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OJK fines DSSA, BREN, and CUAN Rp 2.1 trillion for market violations
The Indonesian Financial Services Authority (OJK) has imposed administrative fines totaling Rp 2.1 trillion on three major companies for stock market violations. PT Dian Swastatika Sentosa Tbk (DSSA) received the largest fine of Rp 1.5 trillion following investigations into planned and structured market manipulation between 2024 and 2026.
PT Barito Renewables Energy Tbk (BREN) and PT Petrindo Jaya Kreasi Tbk (CUAN) were fined Rp 500 billion and Rp 100 billion, respectively. The OJK identified misleading share orders in both companies that obscured the identities of related parties, leading to highly concentrated share ownership.
In response to these findings, the Indonesian National Police (Polri) has deployed the Criminal Investigation Agency (Bareskrim) to investigate potential criminal violations in the capital market. OJK officials noted that out of 61 companies identified with high shareholder concentration, 31 are suspected of criminal violations. Management at BREN and CUAN have expressed their commitment to cooperating with regulators and maintaining normal business operations.
Entities
Hasan Fawzi · Indonesian National Police · Otoritas Jasa Keuangan · PT Barito Renewables Energy Tbk · PT Dian Swastatika Sentosa Tbk · PT Petrindo Jaya Kreasi Tbk · Polri
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] OJK imposed administrative fines totaling Rp 2.1 trillion on three companies. disway.id · www.cnbcindonesia.com · katadata.co.id · mediakampung.com · economy.okezone.com
- [○ 1 SOURCE] The Indonesian National Police (Polri) is deploying the Criminal Investigation Agency (Bareskrim) to investigate suspected capital market crimes. disway.id
- [○ 1 SOURCE] OJK has summoned at least five directors from BREN and CUAN regarding potential capital market crimes. www.cnbcindonesia.com
- [○ 1 SOURCE] Regulators found evidence of misleading stock orders for CUAN to obscure identities and limit circulating shares. www.cnbcindonesia.com
- [● 7 SOURCES] PT Barito Renewables Energy Tbk (BREN) was fined Rp 500 billion. disway.id · www.cnbcindonesia.com · katadata.co.id · mediakampung.com · economy.okezone.com · +1 more
- [● 2 SOURCES] Out of 61 companies identified with high shareholder concentration, 31 are suspected of criminal violations. www.cnbcindonesia.com · katadata.co.id
- [● 7 SOURCES] PT Petrindo Jaya Kreasi Tbk (CUAN) was fined Rp 100 billion. disway.id · www.cnbcindonesia.com · katadata.co.id · mediakampung.com · economy.okezone.com · +1 more
- [● 6 SOURCES] PT Dian Swastatika Sentosa Tbk (DSSA) was fined Rp 1.5 trillion. disway.id · www.cnbcindonesia.com · katadata.co.id · mediakampung.com · economy.okezone.com · +1 more
- [○ 1 SOURCE] The fine for DSSA-related transactions is Rp1.5 trillion. www.rri.co.id
- [● 6 SOURCES] The OJK imposed administrative sanctions totaling Rp2.1 trillion due to stock market violations. www.rri.co.id · disway.id · mediakampung.com · www.cnbcindonesia.com · economy.okezone.com · +1 more
- [○ 1 SOURCE] CUAN confirmed that all operational activities at both parent and subsidiary levels remain normal.
- [● 2 SOURCES] BREN was fined Rp500 billion regarding its share allotment process. www.rri.co.id · economy.okezone.com