JAKARTA – The authority of Indonesia Stock Exchange (IDX) reportedly terminates the employment of 5 staffs in Listing Division following alleged gratification for allowing issuers to be listed in the stock exchange.

In an official release circulating among press, today (26/8), these 5 IDX employees are suspected of receiving bribery of up to billons of rupiah per issuer. They are said to form a consultancy service, which, by the time investigation took place, amassed grafts worth IDR 20 bilion.

The approval and listing of issuers in the stock exchange is allegedly involving a group of people in Financial Services Authority (OJK), which have been authorised to issue an eligibility status for conducting an initial public offering (IPO) or listing on the stock exchange.

Prior to this, the directors of IDX authority have urged issuers not to send any gratifications to IDX employees.

“We urgently request for stakeholders, partners, users, and/or other parties to not send any gratifications, in the form of money, food, goods, discounts, commission, unsecured loans, travel tickers, accommodation facilities, tour, free medication, other facilities, or inappropriate/unjustified grafts, both directly or indirectly, on- or off-duty, to all employees of IDX and/or their families,” said Iman Rahman, Director of IDX.

Said appeal is said to be related to IDX’s commitment in maintaining integrity and independence, as well as implementing principles of governance and the Anti-Bribery Management System ISO 37001:2016.

As is known, stock performance of several issuers that debuted last year have yet to be the most satisfactory, implying the quantity of the issuers has yet to match their prices. (LK/ZH)