Analisis Yuridis Rekayasa Laporan Keuangan PT. Tiga Pilar Sejahtera Food Tbk Terhadap Dugaan Penipuan Pasar Modal Berdasarkan Pasal 90 Undang-Undang Pasar Modal
DOI:
https://doi.org/10.70134/pakehum.v3i2.1908Keywords:
Financial Statement Manipulation, Capital Market Fraud, Article 90 Of The Capital Market Law, PT Tiga Pilar Sejahtera Food Tbk, Financial Statement Manipulation; Capital Market Fraud; Article 90 Of The Capital Market Law; PT Tiga Pilar Sejahtera Food Tbk; Legal Liability.Abstract
This study aims to provide a juridical analysis of the financial statement manipulation committed by PT Tiga Pilar Sejahtera Food Tbk (AISA) as an alleged capital market fraud under Article 90 of Law Number 8 of 1995 concerning the Capital Market. The research employs a normative legal research method using statutory and case approaches through a literature review. The findings indicate that the manipulation of financial statements, including the overstatement of assets, receivables, inventories, and revenues, as well as the dissemination of misleading financial information to investors, fulfills the legal elements of capital market fraud as stipulated in Article 90 of the Capital Market Law. Such conduct violates the principles of transparency, accountability, and good corporate governance, resulting in potential losses for investors and undermining the integrity of the capital market. From a legal perspective, both the company and its board of directors may be subject to administrative, civil, and criminal liability under the applicable capital market regulations. Therefore, consistent law enforcement is essential to protect investors and maintain public confidence in the Indonesian capital market.
Downloads
References
Dahni, Fanita. “Altman Z-Score Vs Zmijewski X-Score Dalam Memprediksi Kebangkrutan Perusahaan (Studi Kasus PT Tiga Pilar Sejahtera (AISA) Tahun 2015-2017).” Jurnal Administrasi Bisnis 8, no. 2 (2019): 65–74.
Desiyantie, Winnya Astrid. “PERLINDUNGAN HUKUM BAGI PEMEGANG SAHAM INDEPENDEN AKIBAT PENGHENTIAN SEMENTARA (SUSPENSI) PERDAGANGAN SAHAM PERSEROAN TERBUKA (Analisa Yuridis Sanksi Suspensi Saham PT Tiga Pilar Sejahtera Food Tbk).” Jurnal Hukum Dan Kenotariatan 6, no. 1 (2021): 440–74. https://doi.org/10.33474/hukeno.v6i1.14139.
Eko Agustinova, Danu. “Memahami metode penelitian kualitatif teori dan praktik - 2015.” Diakses 19 Januari 2026. https://elibrary.bsi.ac.id/readbook/205807/memahami-metode-penelitian-kualitatif-teori-dan-praktik.
Fajriah, Yana, dan Edy Jumady. “Good Corporate Governance And Corporate Social Responsibility On Company Value With Financial Performance.” Jurnal Akuntansi 26 (Mei 2022): 324–41. https://doi.org/10.24912/ja.v26i2.944.
Kementerian Keuangan Republik Indonesia. “Sutarno - Aspek-Aspek Hukum Perkreditan pada Bank | JDIH Kementerian Keuangan.” Diakses 20 Januari 2026. https://jdih.kemenkeu.go.id/dok/0140ca39-1ec3-4493-452d-08db6e8b31bb.
Ki, Max. Laporan Keuangan : Pengertian, Fungsi, Jenis, dan Format – Berita dan Informasi. t.t. Diakses 20 Januari 2026. https://umsu.ac.id/berita/laporan-keuangan-pengertian-fungsi-jenis-dan-format/.
Majidah, Majidah dan Novy Aryanty. “Determinants Of Financial Shenanigans Indications During The Covid-19 Pandemic.” Jurnal Akuntansi 26, no. 3 (2022): 390–408. https://doi.org/10.24912/ja.v26i3.974.
Najmuddien, Fiqri, Nurfadilah Nurfadilah, dan Irda Agustin Kustiwi. “Pengaruh Audit Internal Dalam Kasus Penyalahgunaan Laporan Keuangan Pada PT Tiga Pilar Sejahtera.” GEMILANG: Jurnal Manajemen Dan Akuntansi 4, no. 2 (2024): 144–56. https://doi.org/10.56910/gemilang.v4i2.1200.
Natalis, Natalis. “Analisis Kasus PT Tiga Pilar Sejahtera Food TBK dengan Shenanigans Keuangan.” Penelitian ini bertujuan untuk meneliti salah satu kasus shenanigans keuangan yang terjadi di Indonesia yaitu PT. Tiga Pilar Sejahtera Food, Tbk. Metode yang dilakukan bersifat kualitatif, dimana penelitian ini menggunakan jenis penelitian yang menghasilk, 12 Oktober 2022. https://repository.uib.ac.id/4512/.
Paulson, Glenn L., dan Edmund O. Rothschild. “New York.” Scientist and Citizen 10, no. 3 (1968): 64–64. https://doi.org/10.1080/21551278.1968.9957615.
Rasyid, Fathor. Metodologi Penelitian Kualitatif Dan Kuantitatif Teori, Metode, Dan Praktek. 2022. https://repository.iainkediri.ac.id/859/.
“Restrukturisasi, Merger & Akuisisi Edisi Revisi.” Diakses 19 Januari 2026. https://mandarmaju.com/main/detail/494/Restrukturisasi-Merger-Akuisisi-Edisi-Revisi.
Salim, Susanto, Halim Putera Siswanto, Henryanto Wijaya, dan Jocevine Angela. “Factors Affecting Financial Shenanigans in the Perspective of Fraud Triangle: An Empirical Study Among Manufacturing Companies Listed in Indonesia Stock Exchange.” 9 Mei 2021, 420–27. https://doi.org/10.2991/aebmr.k.210507.063.
Simangunsong, Fredrik Seldani, Saidin Saidin, dan Keizerina Devi Azwar. “PERTANGGUNGJAWABAN DIREKSI DALAM HAL TERJADINYA KESALAHAN LAPORAN KEUANGAN TAHUNAN PT. GARUDA INDONESIA TBK PADA TAHUN 2018.” JOURNAL OF SCIENCE AND SOCIAL RESEARCH 7, no. 4 (2024): 1924–32. https://doi.org/10.54314/jssr.v7i4.2308.
Subaidi, Joelman, dan Budi Bahreisy. “The Legal Position of Corporate Crime in Indonesia.” International Journal of Law, Social Science, and Humanities 1, no. 1 (2024): 50–55. https://doi.org/10.70193/ijlsh.v1i1.143.
Sugiyono. METODE PENELITIAN KUANTITATIF, KUALITATIF, DAN R&D. t.t. Diakses 19 Januari 2026. http://archive.org/details/buku-metode-penelitian-sugiyono.
Suhadi, Endi. “Perspektif Penegakan Hukum Pasar Modal Indonesia: Menuju Pasar Modal Yang Handal.” Jurnal Ilmiah Hukum dan Keadilan 7, no. 1 (2020): 33–48.
Tyasningwuri, Elisabeth, Isni Khoirunnisa, Nasywa Salsabila, Nadilla Fatin, Desi Damayanti, dan Herlina Manurung. “Fraudulent Practices and the Implications for Corporate Accountability: A Qualitative Analysis at PT Tiga Pilar Sejahtera Food Tbk.” Jurnal Ilmiah Manajemen Kesatuan 11, no. 3 (2023): 763–68.
Yosua, Author. “Praktik Manipulasi Laporan Keuangan Oleh PT Tiga Pilar Sejahtera Dan Analisis Pelaporan Keuangan Perusahaan Pasar Modal Yang Berlandaskan Keterbukaan (Studi Putusan Mahkamah Agung No. 2736 K/Pid.Sus/2022) = Financial Statement Manipulation Practice by PT Tiga Pilar Sejahtera and Analysis of Disclosure Principle in Indonesian Capital Market by Companies Regarding of Financial Statement (Study of Supreme Court Verdict No. 2736 K/Pid.Sus/2022).” Universitas Indonesia Library, Fakultas Hukum Universitas Indonesia, 2023. https://lib.ui.ac.id.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Lalu Muhammad Khaeril Majdi, Lalu Muhammad Hanafi (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
