# Indonesia Fines Stock Market Violators

> Indonesia imposes record $117 million fines for stock market violations.
- Title: Indonesia Fines Stock Market Violators · The Economic Times
- Summary: Indonesia imposes record $117 million fines for stock market violations. Indonesia's financial regulator fined parties involved in stock market manipulation…
- Keywords: indonesia, ojk, stock market, fines, dian swastatika, barito renewables, petrindo jaya, trading violations, money, business, Stock, Market
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/global-market-indonesia-imposes-record-117-million-in-fines-for-stock-market-violations/articleshow/135105734.cms
- Author: Anupam Nagar
- Published: 2026-10-22T05:29:00+00:00
- Read time: 1 min
- Topics: indonesia, ojk, stock market, fines, dian swastatika, barito renewables, petrindo jaya, trading violations, money, business
## Indonesia's Financial Regulator
Indonesia's financial regulator OJK imposed record fines totaling 2.1 trillion rupiah ($116.67 million) on parties violating trading rules.
## Violations Involving Three Companies
The fines targeted PT Dian Swastatika Sentosa Tbk, PT Barito Renewables Energy Tbk, and PT Petrindo Jaya Kreasi Tbk for stock manipulation.
## Dian Swastatika Manipulation
OJK fined a company identified as SMT 1.5 trillion rupiah for manipulating Dian Swastatika shares, causing a sharp price increase.
## Barito Renewables Violation
AH Ltd was fined 500 billion rupiah for concealing information during Barito Renewables Energy's IPO.
## Petrindo Jaya Violation
TC Pte Ltd was fined 100 billion rupiah for similar violations involving Petrindo Jaya Kreasi's IPO.
## Regulator's Action
OJK found controlling shareholders concealed affiliations and obtained shares ahead of IPOs, restricting market availability.
## Companies Comply
All three companies stated they respected OJK's enforcement measures and would comply with regulations.
## Key takeaway

Indonesia's financial regulator fined parties involved in stock market manipulation totaling $117 million.