Because of this issue, BEI fired 5 employees in the Company’s Valuation Department

Based on a letter sent to the press room of the Indonesia Stock Exchange (BEI), the five employees were said to be in the BEL Company Valuation Department, which is the department responsible for accepting Investors. will deliver a prospective IPO, and requested a certain amount of compensation and compensation for their services in analyzing the feasibility of prospective Issuers until shares are listed on the IDX.

From the compensation received, these employees help decide the process of accepting prospective Issuers so that they can list and trade their shares on the stock exchange.

This practice by unscrupulous employees of company valuations is said to have been going on for several years and involves a number of whistleblowers whose shares are currently listed on the stock exchange, with prize values ​​ranging from hundreds of millions to billions of rupiah per publisher.

Through this organized practice, it was reported that these people even created a company (consulting services) that during an investigation found a sum of accumulated assets of around IDR 20 billion.

It is said that the process of accepting whistleblowers to join the stock exchange, also includes individuals from the Financial Services Authority (OJK) who have the authority to declare whether a company eligible to make a public offering or IPO of shares, and then list its shares on it. the stock exchange.

In fact, the involvement of OJK individuals reportedly includes up to the level of department heads.

Since this issue, BEl has suspended related staff. However, it has not yet reached the level of department heads or even directors in charge of the process of accepting whistleblowers on the stock exchange.

“Is this case a criminal case because it involves fraud by unscrupulous employees against speculators whose registration process on the stock exchange uses improper methods ,” wrote the letter.

This case, which has been going on for some time, is very worrying because from the compliance and regulatory point of view, BEl is an SRO (Self Regulatory Organization) in the capital market which has obtained the IS037001 certificate in relation to the anti-bribery management system (SMAP). ).

“This information is provided to the public as part of transparency, openness of information, good governance and protection for the investing public, especially in the capital market,” wrote the letter sent to the press room of the Indonesian Stock Exchange. (BEI).Monday (26/8).

At the same time, IDX I Company Valuation Director Gede Nyoman Yetna, when asked his opinion on this matter, “yes, that is not allowed,” Nyoman almost replied to the media on Monday (26/8).