BCA Securities Account Theft: Rp 70 Billion Heist Story

by Marcus Liu - Business Editor
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Jakarta,CNBC Indonesia – The Financial Services Authority (OJK) received a report on the alleged breach of PT Panca Global Sekuritas (PGS),a subsidiary of PT Panca Global Kapital Tbk (Pege),at PT Bank Central Asia Tbk (BBCA).

According to data circulating, the total loss reached Rp 70 billion. Though, PGS management is still conducting further verification related to the amount of the loss.

Deputy Commissioner of Issuer Supervision, Securities Transactions, and Special Examination of OJK IB Aditya Jayaantara said the authority had held a coordination meeting related to the incident.

“Ther has been a report and the OJK team has a coordination meeting with the Self Regulatory Organization (SRO) in this case the Indonesia Stock Exchange and the central custodian of Indonesia,” Aditya told CNBC Indonesia, Friday (12/9).

As information, RDN is a special account that must be owned by investors to conduct transactions in the capital market, such as buying and selling shares, mutual funds, and bonds. This account functions as an intermediary between investor private funds and securities companies, ensuring that funds are safe and managed separately for securities transactions.

BCA responds to alleged breach of securities account worth Rp. 70 billion

Corporate Secretary of PT Bank Central Asia Tbk (BBCA) I ketut Alam Wangsawijaya said that currently BCA is conducting an in-depth investigation of the incident, together with related securities companies.

“in connection with information related to the BCA customer fund account (RDN) in one of the securities companies, we can assure you that the BCA system is safe. Currently, BCA is conducting an in-depth investigation of the incident, together with related securities companies,” said Ketut.

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