RI Capital Market Held By IPO Bribery Case, OJK Boss Will Continue To Increase Integrity And Credibility

JAKARTA - The Financial Services Authority (OJK) also appreciates the steps taken by the Indonesia Stock Exchange (IDX) in taking action against individuals who violate the regulations and thank all parties for their concerns about the IPO bribery case in the Indonesian capital market.

Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar conveyed that the case that occurred in the capital market with the alleged bribery figure estimated at tens of billions was known to have dragged at least five employees of the Indonesia Stock Exchange (IDX), of which the five had been non-effective or laid off.

"We appreciate the attention from the public and the media on this (IPO bribery case), because it shows concern for our integrity and credibility as a whole, especially to the Indonesian capital market," he said at a press conference at the RDKB OJK Friday, September 6.

Mahendra expressed his gratitude for the attention and appreciation because in this way regulators can continue to improve the integrity and credibility of the capital market specifically, as well as the wider financial services sector.

Regarding the IPO bribery case, Mahendra said that the OJK welcomed the decision of the Indonesia Stock Exchange which had laid off 5 of its employees because it had been proven to have violated the rules and ethics.

According to Mahendra, this is necessary as a firm step because it shows that there is no place for individuals who destroy the integrity and credibility of the stock exchange which will pose a huge risk to the entire trust in the stock exchange.

"We welcome the exchange's actions. Further steps are to explore this, not limited to the five people, but to all parties who are at risk of this, but we have not received an update. The point is that no one should be excluded, no one should be protected if proven to have violated the rules," he explained.