Bapepam on the Trail

The markets regulator is investigating the Rp400-billion sabotage of the sale of Indosat shares. However, the apparent ringleaders remain at large.

July 9, 2002

Investigations into the apparent sabotage of Indosat share sales are entering the final stage. Investigations conducted by the Capital Markets Supervisory Board (Bapepam) have already identified several people who played a part in the scandal, which cost the state Rp400 billion in losses. However, Bapepam will have to match wits with brawn to find the ringleaders.

Last week, Bapepam confirmed the involvement of Nusantara Capital employees a

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