Business · Markets · 14 hrs ago
OJK Investigates 31 Indonesian Companies Over High Shareholding Concentration
Indonesia’s Financial Services Authority, known as OJK, is investigating 31 companies on its high-concentration list of 61 listed companies.
The cases concern suspected violations of rules in the capital market, where some shares are concentrated among a small number of holders.
OJK says the investigations are ongoing and each case could result in a finding of wrongdoing or no violation.
The regulator says it needs strong evidence and will presume those under investigation are innocent unless a violation is established.
Three previously sanctioned companies—BREN, DSSA and CUAN—were fined a total of 2.1 trillion rupiah, according to OJK.
OJK will publish findings and impose sanctions when cases are complete, with penalties depending on the proven violations.
Indonesia’s Financial Services Authority (OJK) is investigating 31 companies from a list of 61 issuers flagged for high shareholding concentration.
OJK says the companies are suspected of possible capital-market violations, but investigations have not established whether any breach occurred.
OJK official Hasan Fawzi said findings would be published in stages after each examination is completed, with sanctions imposed if violations are proven.
The reports say three previously sanctioned stocks—DSSA, BREN and CUAN—were fined a total of Rp 2.1 trillion.
- Who
- Indonesia’s Financial Services Authority (OJK) is investigating 31 companies; OJK official Hasan Fawzi described the process.
- What
- OJK is examining suspected capital-market violations linked to high shareholding concentration.
- When
- The reports were published on 20 October 2026. They give different dates for Hasan Fawzi’s remarks: 20 October and 21 October.
- Where
- Jakarta, Indonesia. Hasan spoke at the Indonesia Stock Exchange building.
- Why
- OJK is checking whether actions by parties linked to the companies breached capital-market rules.
This story does not have two clearly opposing sides.
OJK sanctioned stocks DSSA, BREN and CUAN, imposing fines totalling Rp 2.1 trillion.
The articles reported that OJK had identified 31 of 61 issuers on its high-shareholding-concentration list for investigation.
OJK says it will publish findings in stages and impose sanctions if violations are proven.
- Companies under examination
- 31
- Issuers on OJK’s HSC list
- 61
- Previously sanctioned stocks
- DSSA, BREN and CUAN
- Total fines for the three stocks
- Rp 2.1 trillion
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