Antara, Jakarta – President Prabowo Subianto is preparing a sweeping shake-up of Indonesia's bureaucracy and tighter enforcement against corporate misconduct to purge what his administration calls "rotten eggs" undermining economic growth and investor confidence, according to his special envoy for energy and the environment.
Hashim Djojohadikusumo, President Prabowo's younger brother and a senior adviser, said the government is removing rotten eggs that have slowed economic growth and undermined investor confidence. Speaking at the China Conference Southeast Asia forum in Jakarta on Tuesday, Hashim signaled that senior officials could be dismissed and large financial penalties imposed.
"Now it's a matter of cleaning out these rotten eggs," Hashim said, responding to questions about the recent resignation of several key officials at the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX). "Frankly, there will be officials who are removed, and I believe very large fines will be imposed," he said, as quoted by state news agency Antara.
Hashim added the administration would not hesitate to pursue elite figures implicated in criminal activity or environmental destruction, stressing that accountability would apply across both public institutions and the private sector.
He added that the "clean-up" within the bureaucracy is already under way and hinted that more heads of state agencies could be removed as part of efforts to address inefficiency and alleged legal violations.
As an example of the government's approach, Hashim pointed to recent action in the environmental sector. During a working visit to London two weeks ago, President Prabowo approved the revocation of licenses held by 28 companies operating in Aceh, North Sumatra, and West Sumatra. The firms were found to be strongly indicated in environmental damage that authorities say has contributed to deadly disasters.
"Even though some of these companies have strong connections to powerful elites, the president still took firm action," he said.
He emphasized that companies would be given an opportunity to seek a review if they believe they were wrongly penalized, but said the guiding principle was "precise justice," rather than arbitrary enforcement driven by public pressure.
The crackdown, Hashim said, will also extend to Indonesia's capital markets. He criticized stock price manipulation practices that have harmed retail investors and small market participants, a long-standing concern in Southeast Asia's largest equity market. Indonesia travel guides
"I am not the attorney general," Hashim said. "But if there are people responsible for criminal behavior that harms small investors, all possibilities are open. Every option is on the table."
President Prabowo, who took office last year, has repeatedly pledged to strengthen governance, improve regulatory credibility and protect investors as Indonesia seeks to sustain economic growth and attract foreign capital. Markets are closely watching whether the administration's rhetoric will translate into consistent enforcement and institutional reform in the coming months.