Indonesian Stock Exchange Floor Collapse Blamed On “Loose Or Corroded Bolts”

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Officials release their initial reports on the cause of the Indonesian Stock Exchange floor collapse last Monday.

On 16 January 2018, 77 people were injured when an elevated walkway at the mezzanine floor of Indonesian Stock Exchange in Jakarta collapsed. The shocking CCTV footage of the incident has since gone viral.

Nearly 100 accounting university students from Palembang City in Sumatra were taking a tour around the building. Due to their concentrated weight on the walkway, several supporting cables broke away from the ceiling.

Watch the CCTV footage of the Indonesia stock exchange building collapse below:

After the collapse, people inside the building were urged to evacuate by the stock exchange director, reports CNN.

Reuters reports that the Indonesian public works ministry’s initial report was that the collapse could have been caused by “loose or corroded bolts” or “shearing joints.”

However, the ministry noted that its report was only preliminary, and not yet official.

The walkway was built in the late 90s as part of the stock exchange’s original structure.

The 92 students had arrived early to avoid Jakarta’s traffic jams. Some had plans to fly to Bali for a holiday after their trip to the Indonesian capital.

There were no fatalities, but many students sent to the hospital for broken bones and concussions.

A “freak accident”

In 2000, terrorists targetted the stock exchange in a car bomb attack that killed 15. But the police ruled out the possibility of a terrorist attack early on.

“This is purely an accident. This is what foreigners call a freak accident. It happened unexpectedly,” Police Inspector General Setyo Wasisto told CNN.

 

What could have prevented the Indonesian Stock Exchange floor collapse? Let us know your thoughts in the comments.

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