Hassan Fafzi, head of capital market supervision at the Indonesian Financial Services Authority, said at a briefing in Jakarta that after investigating stock price manipulation, the agency imposed a fine of IDR 1.5 trillion on Dean Swastatika. Balito Renewables was fined IDR 500 billion and Petrindo Jaya was fined IDR 100 billion for acts related to IPO manipulation. The Financial Services Authority found evidence that a number of brokerage firms had planned and organized manipulation of Dian Swastatika shares.

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