Fined IDR 100 Million By OJK, BCA Opens Voice

Rupiah illustration (Photo: dock. Antara)

JAKARTA - The results of the examination by the Financial Services Authority (OJK) announced that there was involvement in the case of violating laws and regulations in the capital market by PT Berlian Asset Management (BAM). Where, PT Bank Central Asia Tbk (BBCA) was also affected.

The OJK gave PT BAM an Administrative sanction in the form of a fine of Rp525 million and a written order to immediately complete the disbandment of the Share Equatorial Diamond mutual funds and pay the liquidation proceeds which are the rights of the participation unit holders within a period of no later than 6 months.

Furthermore, PT BAM was ordered to report progress related to the implementation of the Written Order above every month to the OJK. If within the period of 6 (six) months PT BAM does not fulfill the OJK's Written Order, it will be subject to Administrative Sanctions in the form of Revocation of the Investment Manager Business License of PT BAM.

Meanwhile, BCA is a custodian bank which is also subject to administrative sanctions in the form of a fine of Rp. 100 million. This is because it was proven to have violated Article 8 paragraph 1 and paragraph 3 POJK number 23/POJK.04/2016.

In response to this, BCA Corporate Secretary Raymon Yonarto said BCA is a custodian bank of the Mutual Fund for Mixed Equatorial Diamonds and Share Equatorial Diamonds managed by BAM as investment management.

"In connection with the OJK announcement regarding administrative sanctions against PT BAM which was set on October 13, 2023, we can convey that in principle, BCA will always comply with the decisions and provisions of the OJK," he quoted his statement in an information disclosure, Wednesday, October 18.

However, he continued, this information or fact had no material impact on BCA's business continuity.

In addition to PT BAM and BCA, President Director of PT BAM Retno Dewi and Director of PT Bam Arsoni Chrisnarto Malau were also subject to administrative sanctions in the form of a fine of Rp. 125 million in retangular responsibility and written instructions to complete the Written Order imposed on PT BAM to immediately complete the process of dissolving the Mutual Fund for Equity Diamonds and paying liquidation proceeds which are the rights of the Participation Unit holders and submitting a disbandment report to the Financial Services Authority.

This is because, because it was proven as the party that caused PT BAM to commit violations as referred to in the numbers 1 letter a, b, and c above and was proven to have violated the provisions of the numbers 3 letter b number 1) letter g) and letter h) Regulation Number VA.3.