Inp.polri.go.id - Jakarta. The Financial Services Authority (OJK) has issued administrative sanctions and fines totaling Rp5.625 billion against multiple parties involved in the Initial Public Offering (IPO) of PT Bliss Properti Indonesia Tbk (POSA) for financial reporting violations and illicit fund diversions.
"OJK will consistently enforce strict legal measures to create a deterrent effect for capital market offenders, ensuring an orderly, fair, and efficient market with high integrity," said M. Ismail Riyadi, theOJK Head of Department for Literacy and Communication, in Jakarta on Saturday (14/3/2026), as quoted by antaranews.com.
Investigations revealed that PT POSA falsely reported assets and diverted Rp 126.6 billion in IPO proceeds to Benny Tjokrosaputro, who has now received a lifetime ban from holding executive positions in the capital market sector.
OJK also fined PT NH Korindo Sekuritas Indonesia Rp525 million and suspended its business license for one year for failing to conduct adequate customer due diligence and facilitating "nominee" accounts for the fraudulent stock allocations. Financial penalties were also levied against the company’s directors and several public accountants for their roles in the misrepresentation of annual financial statements from 2019 to 2023.
(mg/inp/pr/rs)
