OJK Open Opportunity Drop New Sanctions Linked to CUAN Case, BREN, DSSA

The Financial Services Authority (OJK) opened the opportunity to wear new sanctions regarding the alleged violation of the contract on PT Dian Sentose Tbk (DT Barito Renewables Energy Tbk), and PT DREN Jaya Creation Tbk.

The chairman of the Goddess's OJK Commissioner Friderica Widyasari says his side ensures the process of surveillance and casework doesn't stop after the penalty. He delivered that the initial findings that led to administrative sanctions were still being developed by the stock market watch teams.

"We must have seen that one case didn't stop, could we develop more? If yesterday with the information we had, we used yesterday's sanctions Rp1.5 trillion for DSSA, Rp500 billion for BREN, and Rp100 billion for CUAN," the Friderica standard when it was found after the Ijtima'Sanyak show at Grand Mercury Harmoni, Jakarta Center, Tuesday (20 / 10).

Friderica revealed that the current OJK budget surveillance is shaking multiple potential violations involving indications of coordinated transactions.

"I'm actually telling you that for other cases we keep seeing if there's anything else we're going to wear again. But I can't say. This is at Mr. Hasan's place and also at friends who are capital market supervisors, we are shagging," obviously.

He confirmed any additional sanctions required of precision and the basis of the law.

According to him, regulators don't want to rush without strong proof, given the complexity of network transactions involving many parties, securities, to foreign law enforcement.

"We continue to coordinate so that when we put on the sanctions, they're all met. We even though we are regulators, but we can't specifically be sanctioned, must all be according to the terms," firm Friderica.

He also straightened out that the OJK investigation targeted the people or the parties who proved to be in violation of the transaction, not to the elements directly.

"No. For those who trespass,

Earlier, OJK dropped administrative sanctions regarding the alleged violation of the DSSA transaction and general offer of shares, BREN, and CUAN are a total fine of Rp2.1 trillion.

The Chief Executive Superintendent of the Modal Market Finance, and the OJK Carbon Exchange Hasan Fawzi explained that the sanctions were dropped after authorities found evidence of manipulating the market and disseminating the identity of the stock deposit that was carried out on a premeditated and structured basis.

"Because on top of those things, OJK is using administrative sanctions of a fine of Rp1.5 trillion or US $83.3 million to DSSA, and Rp500 billion to US $27.8 million to BREN, and also RP100 billion to CUAN," said Hasan in a press conference at BEI, South Jakarta, Friday (16).

Hasan confirmed that the establishment firmly targeted the rationing activities as well as the trade for the emitent stock.

Sanctions are passed on to trade offenders, emissions bailiffs, the conservation party for sure, up to the Ultimate Benephysical Owner (UBO) from emiten which is proven to violate the terms of invitations in the capital market.

"What we're talking about is the rationing and / or trading for those shares. As for the sanctioned party is trade offenders, emissions bakers, certain rationing parties and UBO from emiten, which is proven to be violating law regulations in the capital market," brilliant.