Inp.polri.go.id - Jakarta. The Financial Services Authority (OJK) and the Indonesian National Police Criminal Investigation Agency raided the Jakarta headquarters of PT Mirae Asset Sekuritas Indonesia on Wednesday (4/3/2026), seizing evidence linked to a record-breaking stock manipulation case. Investigators recovered numerous documents and USB drives related to fraudulent activities occurring between 2020 and 2022, specifically related to the Initial Public Offering (IPO) of PT BEBS.

"The illegal gain from this insider trading and manipulation totals Rp14.5 trillion," said Inspector General Daniel Bolly Hyronimus Tifaona, the OJK’s Executive Director of Financial Services Investigation, as cited by antaranews.com

Authorities allege the firm manipulated material facts and facilitated wash trades involving 58 nominee accounts to inflate share prices by 7,150%. The beneficial owner of PT BEBS and a former director at PT Mirae Indonesia, have been named suspects alongside the corporation itself. As part of the crackdown, officials have frozen approximately two billion shares to prevent further illicit trading while the investigation into the multi-trillion rupiah scandal continues.

(mg/inp/pr/rs)