TEMPO.CO, Jakarta - The management of PT RANS Entertainment Indonesia Tbk (RANS) denies the circulating assumption that the media and entertainment company owned by Raffi Ahmad is associated with money laundering. The Chair of RANS, Darwin Cyril Noerhadi, stated that the company has followed strict regulations in the initial public offering (IPO) process.
Cyril explained that, as a public company, RANS has complied with a series of provisions set by regulators, including the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX). "So, if there might have been issues with money laundering, it is more likely a rumor than a fact," he said during a press conference following RANS' IPO at the IDX building in Jakarta on Friday, July 10, 2026.
According to Cyril, there are three aspects that RANS must fulfill before listing its shares publicly. The first is the legal aspect of transparency. "So, all transactions must be evidenced with legal aspects, notary documents, and so on," he said again.
The next aspect relates to accounting transparency. He stated that the proper process required for RANS's bookkeeping has been clearly demonstrated. Finally, there is transparency in information.
Regarding information transparency, Cyril explained that the company meets the standard for disclosing the ownership data of shares exceeding one percent of the total outstanding shares. The global index provider Morgan Stanley Capital International had previously scrutinized this provision.
The company also meets the other requirements for an IPO, including the condition that at least 15 percent of the outstanding shares be genuinely tradable. "RANS meets these requirements. So, the information transparency and the amount of shares traded by RANS are more than 20 percent," he said.
CEO of RANS, Nagita Slavina, expressed her gratitude for Cyril's explanation. "Because I think if the clarification comes from me and Raffi, it might feel less objective. But if it comes from Mr. Cyril, it should open people's eyes to what is actually happening," she said.
Rumors linking Raffi Ahmad to money laundering have surfaced several times. In 2024, he allegedly became involved in money laundering and other criminal activities, according to a video circulated by the National Corruption Watch (NCW) on their official YouTube channel. Raffi immediately denied the allegations during a press conference on February 5, 2024.
Meanwhile, RANS recently conducted an IPO on the Indonesian stock exchange on July 10, 2026. Raffi's company became the 8th entity to go public on the stock exchange since the beginning of 2026. This time, the company aimed to raise Rp429.25 billion through the IPO.
The entertainment company will use these funds for various purposes, such as organizing concerts, acquiring shares in PT Rans Cosmetics Indonesia, and building a play-and-learn facility in Cipungland.
Read: RANS Entertainment Shares Surge 34.12% in Stock Market Debut
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