Indonesia’s wealth fund CIO owns stake in sanctioned brokerage
Indonesia’s Financial Services Authority announced sanctions this month against Supra Sekuritas and more than a dozen other entities for regulatory breaches linked to market manipulation.
Pandu Sjahrir, the chief investment officer of Indonesia's Danantara wealth fund and a liaison with global fund managers, indirectly owns a 27.5% stake in the sanctioned brokerage PT Supra Sekuritas Indonesia, according to company records. Despite publicly supporting MSCI Inc.'s scrutiny of the Indonesian stock market, Pandu is the co-owner of the brokerage in his private capacity, with no involvement in its operations, trading or compliance decisions.
The revelation comes after MSCI threatened to downgrade Indonesia's market status, potentially causing billions in capital outflows, following concerns over opaque ownership and coordinated trading.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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