Inp.polri.go.id - Jakarta. The Financial Services Authority (OJK) has imposed administrative fines totaling billions of rupiah against multiple parties for stock market manipulation involving several listed companies. 

During a press conference at the Indonesia Stock Exchange on Friday, (20/2/2026) officials announced a combined penalty of Rp 5.7 billion against PT Dana Mitra Kencana and two individuals, MLN and UPT, for rigging PT Impack Pratama Industri Tbk (IMPC) shares between 2016 and 2022.

"They utilized dozens of nominee accounts to execute a 'joint-funding' scheme, artificially driving transactions and price movements," said OJK Commissioner Hasan Fawzi, as quoted by antaranews.com 

In a separate case, OJK also fined social media influencer, identified only by initials BVN,  Rp 5.35 billion for "pump and dump" tactics involving stocks like PT Agro Yasa Lestari Tbk (AYLS), PT MD Pictures Tbk (FILM), and PT Bintang Samudera Mandiri Lines Tbk (BSML). 

BVN allegedly exploited followers by disseminating misleading investment advice while secretly trading against the resulting market reactions. 

(mg/inp/pr/rs)