Bareskrim Polri Monitors IHSG Movement: A Sign of Crisis?

The plunge in the Jakarta Composite Index (IHSG) has drawn attention not only from the government and investors but also from law enforcement agencies. Indonesia’s Criminal Investigation Agency (Bareskrim Polri) has now begun monitoring stock price movements in the country.

This was revealed by Kombes M Irwan Susanto, Subdirectorate Head at Bareskrim Polri, during the Bisnis Indonesia Forum held in Jakarta on Wednesday (March 5, 2025).

Irwan highlighted past cases in the insurance sector, such as Jiwasraya and Wanaartha Life’s payment failures, which not only harmed consumers but also negatively impacted the national economy.

Furthermore, he emphasized that Bareskrim Polri will now monitor stock movements on the Indonesia Stock Exchange (IDX) as part of its support for President Prabowo Subianto’s policies.

"As part of the market crime investigation unit, we have a role in capital market investigations. With President Prabowo’s launch of [Danantara], we are also coordinating with OJK to monitor stock movements," said Irwan.

According to him, Bareskrim Polri aims to analyze how stock price movements impact Indonesia’s economy and seek ways to ensure positive growth.

"So far, we have not found any criminal offenses in the stock market. The fluctuations are more related to business mechanisms, external market factors, and foreign policies," he added.

Irwan asserted that this monitoring effort is essential to maintaining a healthy investment ecosystem, especially in the insurance sector, which plays a key role in economic stability.

CELIOS Director Questions Police Intervention

However, CELIOS Director Bhima Yudhistira questioned Bareskrim Polri’s involvement in stock market monitoring.

"What urgency justifies the police overseeing the capital market? Does this signal an economic crisis?" he asked Bisnis on Thursday (November 6, 2025).

According to Bhima, the IHSG decline is mainly due to massive foreign capital outflows amid global economic pressures, rather than fraud cases. He also pointed out that Danantara’s poor governance has further damaged investor confidence in state-owned enterprise (BUMN) stocks.

"Bareskrim’s statement only worsens market sentiment. The Financial Services Authority (OJK) is already sufficient to oversee market regulations," he argued.

IHSG Rebounds, Foreign Capital Continues to Exit

Despite recent downturns, IHSG opened higher on Thursday (March 6, 2025). According to RTI Infokom, the index started at 6,531.39 at 09:00 WIB and continued moving into the green zone.

Market capitalization rose to Rp11,416 trillion, with BBRI, ADRO, and PTRO leading the gains. PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) was the most actively traded stock, surging 2.86% to Rp3,950 per share.

However, Bank Indonesia (BI) reported a foreign capital outflow of Rp10.33 trillion between February 24–28, 2025, marking the sixth consecutive week of foreign investor exits from Indonesia’s stock market.

This trend raises concerns about the long-term stability of Indonesia’s financial markets.

Temukan berita dan artikel lainnya di Google News