Insight

BREN & CUAN Under OJK Investigation

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Algo Research Team

Company | Oct 06, 2024 | Views: 342

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Key Summary:

  • Barito under investigation by OJK
  • Potential market manipulation claim & irregularity
  • IDX under microscope especially after bribery case

BREN (Barito Renewables Energy) and CUAN (Petrindo Jaya Kreasi), which are ultimately owned by Prajogo Pangestu, are currently being investigated by the Indonesian Financial Services Authority (OJK) for suspected manipulation and irregular trading activities.


Context: Inarno Djajadi, Chief Executive of Capital Market Supervision from OJK, revealed that the two companies are being investigated to see whether there are potential market manipulation given significant volatility.

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