

How Indonesia's Big Tycoons Rigged Market, Played MSCI | Vantage on Firstpost
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A stock surges 5,000%, its founder becomes a billionaire and investors rush to buy in. But a Bloomberg investigation alleges that the spectacular rally was fuelled by manufactured trading activity involving brokers and powerful shareholders in Indonesia. In this video, Firstpost examines how alleged wash trades and nominee accounts were used to create the appearance of strong demand, potentially helping companies qualify for MSCI indexes and attract global investment. The video explores the role of brokerage fees, the companies linked to some of Indonesia’s wealthiest tycoons, and the fallout after MSCI raised concerns over market manipulation. With billions wiped off Indonesia’s stock market and the threat of a downgrade looming, the scandal raises serious questions about transparency and investor confidence. The firms and individuals named have disputed the allegations. Hem Saroya tells you more. 00:00 - Indonesia Stock Market Under Scrutiny 00:50 - The Manufactured Rally 01:36 - The Case of Abadi Lestari Indonesia 02:03 - Why Getting Into MSCI Matters 02:41 - How Nominee Accounts and Wash Trades Worked 03:51 - Tycoons Involved and Broker Incentives 04:23 - MSCI Warning and Market Fallout 05:11 - Companies Deny Allegations --- Indonesia Stock Market | Indonesian Tycoons | MSCI | Market Manipulation | Indonesia Market Controversy | Stock Market Rigging | Foreign Investors | Market Transparency | Indonesian Billionaires | Global Index Provider | Firstpost | Hem Saroya | Vantage #indonesia #indonesiastockmarket #msci #marketmanipulation #indonesiantycoons #stockmarket #markettransparency #foreigninvestors #firstpost #vantageonfirstpost Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens. By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas. Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms. ​ Subscribe to Firstpost channel and press the bell icon to get notified when we go live. https://www.youtube.com/@Firstpost Follow Firstpost on Website: https://www.firstpost.com Follow Firstpost on Instagram: https://www.instagram.com/firstpost/ Follow Firstpost on Facebook: https://www.facebook.com/firstpostin/ Follow Firstpost on Twitter: https://twitter.com/firstpost Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V
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