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Broker Larasati not licensed: OJK
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The investment company Magnus Capital has claimed Rp 2 billion investment in losses was caused by ex-Recapital Securities broker Larasati, after it allowed her to use its bank account to hold illicit funds. (thejakartapost.com/Anton Hermansyah)
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Financial Service Authority (OJK) investigation into fake government bond sales by broker EP Larasati discovered that she does not have a license to practice.
In Indonesia, a broker who works in a securities company ought to have a Broker-Dealer Representative (WPPE) license that is issued by the OJK and has to be renewed every two years.
"We are currently studying this case. It can be categorized as a mix of a capital market criminal case and a common criminal case," Sarjito told Kontan on Monday.
Right now the OJK is focusing on investigating whether the mistake was done by Larasati or the companies, Reliance Securities and Magnus Capital. Unfortunately, Larasati is still missing and the OJK is trying to find her.
"We are confident she will be caught. When the investigation is finished I will talk to the public. Nothing will be hidden," Sardjito said.
The OJK is working hard to bring back customer confidence, he said. (ant/bbn)
