Mirae Asset Securities Under Investigation for Alleged Market Manipulation

Jakarta – PT Mirae Asset Sekuritas Indonesia (MASI) is facing scrutiny following a search conducted by the Financial Services Authority (OJK) and the National Police’s Criminal Investigation Unit (Bareskrim Polri) on Wednesday, March 4, 2026. The investigation centers around allegations of market manipulation related to initial public offerings (IPOs) and quasi-share transactions.

Details of the Investigation

The OJK, accompanied by Bareskrim Polri, carried out the search at MASI’s office in the Treasury Tower, Sudirman Central Business District, Jakarta. According to Inspector General Daniel Bolly Hyronimus, Director of OJK’s Financial Services Sector Investigators, the investigation focuses on alleged quasi-share transactions involving ASS, identified as the beneficial owner of PT BEBS, and MWK, a former Director of Investment Banking at PT Mirae Asset. CNBC Indonesia

Allegations and Potential Gains

Authorities allege that illegal gains from insider trading could amount to IDR 14.5 trillion (approximately USD 900 million). Approximately 2 billion shares have been frozen as part of the investigation, with a share price of around IDR 7,000. CNBC Indonesia

Mirae Asset’s Response

PT Mirae Asset Sekuritas Indonesia has acknowledged the search and stated its full cooperation with the authorities. In an official statement, the company confirmed receiving a visit from Bareskrim and OJK for clarification and information gathering. Detik News The company maintains that its operations remain normal and services are unaffected by the ongoing investigation. CNN Indonesia

Ongoing Investigation

The investigation is ongoing, with authorities continuing to gather evidence and question individuals involved. The OJK and Bareskrim Polri have not provided a timeline for the completion of the investigation. CNBC Indonesia