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Will There Be a Sanction?

Tuesday, October 16, 2001

A consortium of brokers is suspected of mishandling the sale of HM Sampoerna shares in the spot market last September. The bourse authorities are investigating intensively. Will it explode like the BCA case?

arsip tempo : 173169337062.

. tempo : 173169337062.
Frying' shares is normal, but being penalized because of it, is unusual. In thiscase, the share being 'fried' on Monday, September 24, was HM Sampoerna's—known by its initials HMSP in the bourse—one of the blue chips. The incident is considered a touch scandalous because there are serious irregularities in the price. On that day, the share with a market price of Rp17,000 was offered at Rp3,600 a share. Such a dramatic rise and fall of pri...

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