Indonesia’s financial regulator said on Friday that the stock exchange and regulators have handed down sanctions against the beneficial owners of three companies and some entities involved in the trading of their shares.
The fines were issued for alleged trading violations linked to shares of Barito Renewables Energy, Dian Swastatika Sentosa and Petrindo Jaya, the financial regulator said. It clarified earlier remarks that had indicated the companies themselves were fined, stating that was not the case.
The sanctions were part of Indonesia’s market reforms, an official said.
Reuters
