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Economy in brief: OJK shuts down another six firms
After shutting down operations of six illegal investment firms in January and another seven firms in February, the Financial Services Authority (OJK) and the Investment Alert Task Force shut down the operations of another six investment companies in March found to be operating without permits
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fter shutting down operations of six illegal investment firms in January and another seven firms in February, the Financial Services Authority (OJK) and the Investment Alert Task Force shut down the operations of another six investment companies in March found to be operating without permits.
“OJK and the Investment Alert Task Force will keep tracking and shutting down any illegal investment activities. We have shut down 19 firms since the start of 2017,” OJK policy and investigations support director and the Investment Alert Task Force chairman Tongam L. Tobing said in a statement published on Sunday.
The six firms are Starfive2u.com, PT Alkifal Property, Groupmatic170, EA Veow, FX Magnet Profit and Agro Cassava Nusantara Cooperative or Agro Investy in Cicurug, Sukabumi, West Java.
The task force claimed that the companies lacked clarity on their legal status, operations and property.
