National Police Chief General Listyo Sigit Prabowo has confirmed the Indonesian National Police’s unwavering commitment to closely monitoring the dynamics within the Indonesian stock market. The primary focus of the police is to proactively counter “saham gorengan” – a term for stock manipulation practices – which pose a significant threat to the integrity of the investment ecosystem and overall market stability.
This crucial statement was delivered by Sigit during the Police Leadership Meeting (Rapim) held in East Jakarta on Tuesday, February 10. He emphatically stressed that the fluctuations and activities within the capital market are under constant and vigilant surveillance by the Bhayangkara Corps, ensuring a secure environment for investors.
“We are continuously observing and tracking the fluctuations in the capital market. We are also identifying potential actors who may engage in further monitoring, particularly concerning actions that lean towards ‘saham gorengan’ schemes, which are unequivocally detrimental,” Sigit asserted. This proactive stance aims to swiftly identify and neutralize any illicit activities that could undermine investor confidence.
Sigit further elaborated that these measures are essential to safeguard fundamentally strong stocks and ensure their sustained performance. Maintaining the stability and robustness of the capital market is deemed critical for providing solid support to the national economy and fostering a healthy investment climate.
It is important to note that the Directorate of Special Economic Crimes (Dittipideksus) of the National Police Criminal Investigation Unit (Bareskrim Polri) has been actively investigating several cases of stock market manipulation. These complex investigations involve multiple companies, each employing distinct modus operandi to unlawfully influence stock prices.
As a result of these dedicated efforts, the Dittipideksus Bareskrim Polri has already designated 10 individuals as suspects across three separate cases, underscoring the police’s commitment to holding those accountable for financial misconduct in the stock market.