TEMPO.CO, Jakarta - The Financial Service Authority (OJK) investment task force has stopped the operations of three investment firms. “The activities are stopped ahead of Lebaran to protect people from harmful investment,” investment task force chairman Tongam L. Tobing said yesterday. The three business entities are SMC Profit, PT Smart Global Indotama and PT Miracle Bangun Indo.
Tongam said that the task force had earlier summoned the three companies but they had failed to comply. “Upon investigation, the task force decides that the three entities have to stop their business activities,” he said.
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He explained that the three business entities were operating illegally. SMC Profit often offered term deposits for pensions with interest rate at 300 percent. Smart Global Indontama engaged in the e-commerce industry. Meanwhile, Miracle Bangun Indo was the organizer of a program named Gotong Royong Bersama Kita Sukses offering housing loans. Since January, the task force has stopped operations of 32 financial service entities.
Earlier, the OJK had revoked PT Inti Kapital Sekuritas’ business permit who served as a broker and underwriter. The sanction was given for the formerly named PT Andalan Artha Advisindo Sekuritas (AAA Sekurtias) over alleged violation of the capital market law.
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OJK director for sanction and market objection Novira Indria Ningrum said that OJK will not only revoke their permits.
“We will also impose administrative sanctions to the Directors and Commissioners of PT Inti Kapital Sekuritas [PT IKS] who have been found guilty,” he said.
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