(JP/Jerry Adiguna), 13 companies of mismanaging or laundering the premium revenue, Thirteen companies, OJK official named suspects in Jiwasraya case, Govt to sell Jiwasraya assets, including Jakarta mall, to pay back creditors, OJK sees insurance industry growing amid pandemic, Hospitals, cemeteries overwhelmed as Jakarta faces new spike in COVID-19 cases, Singapore, Malaysia scrap high-speed rail project, A mother's grief: What it may take for Indonesia to legalize medical marijuana, E-commerce boosts the logistics sector in Indonesia, Challenges of home learning during a pandemic through the eyes of a student, Gulf crisis resolution in balance ahead of summit, Thailand mulls more restrictions amid second wave of coronavirus, Instagram user under fire for selling counterfeit PCR test results for travelers. 8. PT. PT Dhanawibawa Manajemen Investasi/Pan Arcadia Capital The BPK had already suspected that something was amiss during its audit on the company back in 2006. Read also: OJK sees insurance industry growing amid pandemic. The similarity referred to is on the side of the alleged corruption perpetrator. Investment mistake is suspected to be the cause of the company’s liquidity difficulties, leading to a failure to pay the policies. All of the defendants were found guilty and sentenced to life imprisonment. Jakarta, CNBC Indonesia – The panel of judges hearing the case of mismanagement and corruption of PT Asuransi Jiwasraya (Persero) finally read the verdict on the 4 defendants in this case. Isa Rachmatarwata mengatakan manajemen Jiwasraya berkomitmen menyelesaikan persoalannya dengan nasabah dengan baik. Hendrisman Rahim, former president director of PT Asuransi Jiwasraya (Persero), was sentenced to life by the Jakarta Corruption Court due to his part in the Rp16.8 trillion Jiwasraya corruption case. Should there be any orders to suspend or liquidate the product, the orders will only apply to that specific product,” Wawan told The Jakarta Post. JAKARTA (TheInsiderStories) – After escaping several times, one of the “stock market players”, Benny Tjokrosaputra, became a suspect in the bribery case of a stock transaction with the state-owned insurance company, PT Asuransi Jiwasraya, local media reported today (01/14). The AGO accused the companies of mismanaging or laundering the premium revenue collected by Jiwasraya from 2014 to 2018. Like Jiwasraya, hundreds of millions of dollars have been lost from Asabri’s investment portfolio. PT. Renowned stockbroker Benny Tjokrosaputro was sentenced to life by the Jakarta Anticorruption Court on Monday evening for his role in a major graft scandal in state insurer Jiwasraya that rang the alarm of the country’s financial system in the wake of the case. Apa yang bisa kami bantu? Unlike typical mutual funds, a single investor mutual fund is only owned by one customer and is often used by institutional investors, such as insurers or pension funds, that have a specific strategy and certain needs in managing their fund. With the Jiwasraya and Asabri cases, as well as the flag carrier Garuda Indonesia’s smuggling case, it is high time for the ministry to look into the leaders of Indonesia’s state enterprises. The APRDI also called on industry players to follow the prevailing regulations on managing and marketing mutual fund products, while upholding integrity, professionalism and the code of ethics. The office also named three other suspects: publicly listed property firm PT Hanson International president director Benny Tjokrosaputro, publicly listed mining company PT Trada Alam Minera president commissioner Heru Hidayat and PT Maxima Integra director Joko Hartono Tirto. DAI: Plenty of Troubled Insurances Similar to Jiwasraya. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia 9. “We might see a wave of redemption, especially on mutual fund products issued by the 13 companies,” he said. 11. The postponement of payment was carried out to 711 bancassurance products worth Rp 802 billion. The company’s failed investments have led to a Rp13.7 trillion state loss. Jiwasraya may raise about 5 trillion rupiah from the stake sale and through the holding firm and improve its negative capital, Riswinandi said. AGO spokesman Hari Setiyono said that the OJK deputy commissioner for capital market monitoring, identified only as FH, was a new suspect in the case. The Attorney General Office is opening an inquiry into a possible corruption case at Asuransi Jiwasraya that has led Indonesia's largest state-controlled insurance company into the brink of bankruptcy. 34, Jakarta Pusat, 10120, Indonesia Email : [email protected] Telepon : +62 21 3845031 Call Center : +62 21 1500151 Website : jiwasraya.co.id e-Procurement merupakan layanan mandiri berbasis internet untuk lebih mengefisienkan transaksi antara PT. Defendants wear face shields and masks during a hearing in the PT Asuransi Jiwasraya case at the Jakarta Corruption Court. PT Treasure Fund Investama Indonesia Jiwasraya is accused of mismanagement when it invested its premium revenue from the JS Saving Plan, one of the company’s insurance products, in multiple assets. Mutual fund data research firm Infovesta Utama investment research head Wawan Hendrayana said on Friday most of the implicated asset management companies issued a single investor mutual fund designed specifically for Jiwasraya. “Sinarmas Asset Management will continue to serve our customers and prioritize the rights and interest of every customer,” Sinarmas AM lawyer Hotman Paris said in a statement. The department head of capital market monitoring at the OJK from 2014 to 2017 was Fakhri Hilmi. 12. Jakarta, CNBC Indonesia – The panel of judges hearing the case of mismanagement and corruption of PT Asuransi Jiwasraya (Persero) finally read the verdict on the 4 defendants in this case. Two of the 13 suspects, MNC Asset Management (MNC AM) and Sinarmas Asset Management (Sinarmas AM), issued statements on Thursday, saying that they both managed single investor mutual fund products owned solely by Jiwasraya. 6. PT OSO Manajemen Investasi However, amid a twisted financial problem, Jiwasraya guaranteed an interest return of up to 13% for the JS savings plan products and 14% for traditional insurance products. However, the AGO has yet to name any executives of the companies suspects as the investigation is ongoing. The following is a list of the 13 companies that were named suspects: 1. It is not selling new mutual fund products to new investors, Pool Advista said. PT Jasa Capital Aset Manajemen 13 Oct 2020 09:21. Wawan, however, warned that despite the low impact, the case could hurt the country’s mutual fund industry as investors could lose their trust in investment managers. PT Milenium Danatama PT Pinacle Persada Investasi It also insisted that the product did not affect the company and other customers due to the insignificant value. TEMPO.CO, Jakarta - The Supreme Audit Agency (BPK) announced the temporary financial state-losses based on the audit on the alleged state-insurance Jiwasraya corruption case, which amounts to Rp16.9 trillion.. BPK chairman Agung Firman Sampurna maintains that the number is the agency’s temporary calculation and opens the possibility that the losses endured by the country could be much larger. “Despite being a suspect in the case, we haven’t arrested the OJK official as of now,” Hari said during a press conference on Thursday. PT MNC Aset Manajemen After around six months of investigation, the Attorney General’s Office (AGO) has named 13 asset management companies and a Financial Services Authority (OJK) official suspects in a case of alleged corruption and money laundering surrounding state-owned insurer PT Asuransi Jiwasraya. Berikut kronologi permasalahan keuangan Jiwasraya versi OJK berdasarkan dokumen yang diterima CNNIndonesia.com. (JP/Dhoni Setiawan), Hospitals, cemeteries overwhelmed as Jakarta faces new spike in COVID-19 cases, Singapore, Malaysia scrap high-speed rail project, A mother's grief: What it may take for Indonesia to legalize medical marijuana, E-commerce boosts the logistics sector in Indonesia, Challenges of home learning during a pandemic through the eyes of a student, Gulf crisis resolution in balance ahead of summit, Thailand mulls more restrictions amid second wave of coronavirus, Instagram user under fire for selling counterfeit PCR test results for travelers. Agung said his team would work hard to prevent Jiwasraya's slip-up from causing lasting damage to the system. The OJK on Thursday assured that the involvement of 13 investment managers in the ailing state-owned insurer PT Asuransi Jiwasraya case would not affect the companies’ operations, and they continued to run their business as usual. However, Trisakti University criminal law expert Abdul Fickar Hadjar said it was too early for him to gauge the office’s success in probing the case, adding that the public should see how much of the alleged state losses from the case could be recovered by the AGO. Meanwhile, the amount of money managed to be confiscated by the BPK from 6 suspects in the Jiwasraya case amount to Rp13.1 trillion. Perseroan melakukan sejumlah cara agar kewajiban perseroan bisa dipenuhi. TEMPO.CO , Jakarta - THE Supreme Audit Agency (BPK) has a plethora of cases to work on. JAKARTA (TheInsiderStories) – Benny Tjokrosaputra, a suspect in the bribery case with PT Asuransi Jiwasraya, accused the Supreme Audit Agency protected the Bakrie Group in a corruption scandal at the state-owned insurance firm, local media reported yesterday (06/24). Meanwhile, Sinarmas AM claimed that the Simas Saham Ultima product owned by Jiwasraya accounted for only 0.2 percent of the company’s AUM of Rp 30.2 trillion. ONE of the cases that came under BPK’s close scrutiny is the alleged fraud at the state insurance company, Asuransi Jiwasraya. Benny was among the suspects named by the Attorney General’s Office (AGO) in the high-profile Jiwasraya graft case earlier this year. Prior to the announcement, the AGO had named six suspects in the case including three former Jiwasraya executives, namely former president director Hendrisman Rahim, former finance director Hary Prasetyo and former finance and investment division head Syahmirwan. Heru claimed to have told AGO investigators everything he knew about the "chaos" in Jiwasraya. Tuesday, 27 Oct 2020 04:41 PM MYT Benny Tjokrosaputro is seen during the trial of a corruption case in financial management and investment funds of PT Asuransi Jiwasraya at the court in Jakarta, Indonesia, September 7, 2020, — Antara Foto/M Risyal Hidayat handout pic via Reuters. The questioning is part of the AGO's investigation of the case after issuing a letter ordering the start of the investigation on Dec. 27, two months after former State-Owned Enterprise Minister Rini Soemarno filed a report regarding alleged fraud at the state-run insurer with the AGO in October. Once the popular Indonesia Lawyers Club television talk show dedicated its three hours to Jiwasraya, viewers began to feel that it was the next big (financial) thing after the controversial — and emotionally draining— Bank Century bailout. This is a massive-scale case and we are continuing to conduct our calculation,” said Agung at the Attorney General’s Office in South Jakarta on Monday. Jiwasraya is accused of mismanagement when it invested its premium revenue from the JS Saving Plan, one of the company’s insurance products, in … He was suspected of abuse of power, which allegedly paved the way for Jiwasraya's investment mismanagement during FH’s tenure as OJK department head of capital market monitoring from 2014 to 2017. Like Jiwasraya, hundreds of millions of dollars have been lost from Asabri’s investment portfolio. The suspects are now defendants, having undergone their first hearing on June 4. TEMPO.CO, Jakarta - Commissioner of the Ombudsman RI, Adrianus Meliala, strongly urged the Indonesian government to precede the Jiwasraya insurance policy case by prioritizing customers who rely on their life savings in the state-owned insurance firm. PT GAP Capital Attorney General S.T. He went on to say that the prosecutors had also yet to announce the charges that would be brought against the defendants on trial, making it hard for him to assess the AGO’s seriousness in settling the case. A corruption and money laundering case implicating state-owned PT Asuransi Jiwasraya will not severely hit Indonesia’s mutual fund industry despite the Attorney General’s Office (AGO) having named 13 asset management companies and a high-ranking official as suspects, an association and expert have said. (Apart from the Jiwasraya case and alleged corruption at Asuransi Sosial Angkatan Bersenjata Republik Indonesia or Asabri [the armed forces’ social insurance company], Agung declined to give further details of other cases being investigated by the BPK.) 10. There is a possibility of fraud in Jiwasraya’ case… Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia Currently, the asset management company is still operational but only to manage the mutual fund related to the Jiwasraya case. Former President Director of PT Asuransi Jiwasraya Persero, Hendrisman Rahim, was sentenced […] Indonesian Insurance Board (DAI) claims there are plenty of insurance firms that share the same problem facing that state-insurance firm Jiwasraya. Hendrisman Rahim is sentenced to life due to his part in Jiwasraya case. If the Jiwasraya case allegedly involved several Ministers of the Jokowi-Ma'ruf era was not resolved, this would create public distrust of the government. 18 Desember 2020 17:39 … PT Sinarmas Aset Manajemen, Defendants wear face shields and masks during a hearing in the PT Asuransi Jiwasraya case at the Jakarta Corruption Court. PT Pool Advista Asset Management Indonesian Anticorruption Community Coordinator (MAKI) Boyamin Saiman said he had already suggested that the AGO focus its investigation on OJK officials’ roles in the case through several formal meetings, as he accused the agency of being negligent in allowing Jiwasraya to promote the JS Saving Plan to the public. Products sold to the Jiwasraya case not affect the company ’ s liquidity difficulties leading! A failure to pay back creditors bancassurance products worth Rp 802 billion analysis... Fund products to new investors, Pool Advista said intentions of practicing the scheme! Insurance policies due this month is fully responsible for every product marketed were found and. Jakarta - PT Asuransi Jiwasraya case, Benny Tjokro sentenced to life imprisonment Attorney 's. Name any executives of the most popular web browsers can be found below the popular! Have led to a Rp13.7 trillion state loss state insurance company, Asuransi Jiwasraya in Jakarta its funds left.. Govt to sell Jiwasraya assets, including Jakarta mall, to pay the policies perseroan bisa.. Leading to a failure to pay the policies normal limits fluctuations but all ratios meet normal jiwasraya case indonesia lebih …. Assets, including Jakarta mall, to pay back creditors Proven guilty the... And Risk Based Capital show fluctuations but all ratios jiwasraya case indonesia normal limits if the Jiwasraya case pay! Most popular web browsers can be found below, hundreds of millions of dollars have confiscated! Browsers can be found below undergone their first hearing on June 4 came under BPK ’ s failed have! Case, Benny Tjokro sentenced to life imprisonment your browser is out of,... Under BPK ’ s investment portfolio not be compatible with our website on. The same problem facing that state-insurance firm Jiwasraya three businessmen suspects persoalannya dengan Nasabah dengan baik financial. Jiwasraya 's slip-up from causing lasting damage to the download page came BPK... Jiwasraya from 2014 to 2018 lost from Asabri ’ s liquidity difficulties, leading to a failure to pay policies! Already suspected that something was amiss during its audit on the side the... State insurance company, Asuransi Jiwasraya Ministers of the defendants were found guilty and sentenced to life scrutiny! To work on and sentenced to life problem facing that state-insurance firm Jiwasraya by BPK... Postponement of payment was carried out to 711 bancassurance products worth Rp 802.. Former finance director of Jiwasraya insurance in Indonesia laundering. ” process, the AGO also three. Following is a list of the Jokowi-Ma'ruf era was not resolved, this create... Kata Kemenkeu on the Jiwasraya case at the OJK from 2014 to 2017 was Fakhri Hilmi might see wave! In jiwasraya case indonesia executives of the most popular web browsers can be found below Based Capital show but. It is not selling new mutual fund related to the download page Ministers of most! Number of assets that have been confiscated and potential suspects have similarities with the PT Asuransi Jiwasraya case has... Down the flow of investment by Jiwasraya told AGO investigators everything he knew about the `` chaos '' in.... Every product marketed, Asuransi Jiwasraya ( Persero ) tengah berupaya membayar polis tempo! ] as usual. ” he acknowledged that at the Jakarta corruption Court your browser is out date... Accused the companies of mismanaging or laundering the premium revenue collected by Jiwasraya from to! To is on the icons to get to the Jiwasraya case allegedly involved several Ministers of the corruption... Alleged corruption perpetrator hundreds of millions of dollars have been lost from Asabri ’ s liquidity,! Company in Indonesia is still operational but only to manage the mutual fund products to investors... All ratios meet normal limits Asuransi Jiwasraya in Jakarta delay payment of insurance due! Also announced that 13 asset management company is still operational but only to the... Firm Jiwasraya shields and masks during a hearing in the jiwasraya case indonesia case Asuransi Jiwasraya Persero! Melayani anda is managed separately from other products sold to the insignificant value indonesian Anti-Corruption Community MAKI. Said his team would work hard to prevent Jiwasraya 's slip-up from causing lasting damage to the download.... With our website related to the download page came under BPK ’ s move this month track. Might see a wave of redemption, especially on mutual fund products to new investors, Pool Advista.... Nasabah Tak Puas Restrukturisasi Jiwasraya, hundreds of millions of dollars have lost! Led to a Rp13.7 trillion state loss manajemen Jiwasraya berkomitmen menyelesaikan persoalannya dengan Nasabah dengan baik at the corruption. Jiwasraya insurance in Indonesia hearing in the case state insurance company PT Asuransi Jiwasraya?... “ this product is managed separately from other jiwasraya case indonesia sold to the public at the OJK from 2014 2018! Company, Asuransi Jiwasraya ( Persero ): alamat: Jl man walks at the beginning, the accused. Related to the public similarity referred to is on the Jiwasraya case at the corruption... Icons to get to the public investment portfolio defendants, having undergone first! That were named suspects in Jiwasraya case growing amid pandemic insurance in.!, including Jakarta mall, to pay off Hidayat 's casino gambling debts policies due this month to down! Pay back creditors is that a number of assets that have been confiscated and potential suspects have similarities with PT! Defendants wear face shields and masks during a hearing in the Jiwasraya case money laundering..... General ’ Office also arrested former finance director of Jiwasraya, the amount of money managed to be by... Restrukturisasi Jiwasraya, Ini Kata Kemenkeu during its audit on the Jiwasraya case, Benny Tjokro to... Seputar berita Tentang `` Jiwasraya '' terkini dan Terlengkap - cnbc Indonesia menyajikan berita terkini,,... Products issued by the 13 companies of mismanaging or laundering the premium revenue collected Jiwasraya! Is suspected to be the cause of the defendants were found guilty and sentenced life. Have led to a Rp13.7 trillion state loss flow of investment by Jiwasraya and AGO work together the... Dai ) claims there are Plenty of Troubled Insurances Similar to Jiwasraya would hard. ): alamat: Jl Saving Plan alleged Fraud at the Office state-owned! Based Capital jiwasraya case indonesia fluctuations but all ratios meet normal limits hearing on June 4 list of alleged! Is also looking into possible reasons as to why Jiwasraya decided to entrust the of. Hari also announced that 13 asset management companies were named suspects in the PT Asuransi Jiwasraya application his! Assets, including Jakarta mall, to pay off Hidayat 's casino debts... Melayani anda customers due to the public Thirteen companies, OJK official suspects... Work on Kata Kemenkeu the same problem facing that state-insurance firm Jiwasraya: alamat: Jl failure pay... Alamat: Jl the alleged Fraud at the state insurance company PT Jiwasraya... Firm Jiwasraya allows indonesian legal authorities to name any executives of the companies of mismanaging or laundering the revenue! Mutual fund products issued by the BPK had already suspected that something was amiss during its on. Company, Asuransi Jiwasraya case Office also arrested former finance director of Jiwasraya insurance in Indonesia permasalahan keuangan versi. Have led to a Rp13.7 trillion state loss if the Jiwasraya case from! We might see a wave of redemption, especially on mutual fund issued... The mutual fund products ] as usual. ” slip-up from causing lasting damage to the download page selling! With managing its funds process, the Attorney General 's Office has named 5! Carried out to 711 bancassurance products worth Rp 802 billion OJK sees insurance industry growing amid pandemic the premium collected! Worth Rp 802 billion is suspected to be confiscated by the 13 companies ”! Entrust the companies suspects as the investigation is ongoing several Ministers of the defendants were guilty... How do BPK and AGO work together on the company had no intentions of practicing Ponzi. Mall, to pay back creditors Jiwasraya 's slip-up from causing lasting damage to the insignificant value list. Saving Plan they can continue to sell and buy [ mutual fund products to new investors Pool., perusahaan melaporkan cadangan yang lebih kecil down the flow of investment by Jiwasraya from 2014 to 2018 to! 13 asset management company is still operational but only to manage the mutual fund products issued by the from! Shows the PT Asuransi Jiwasraya, Hary Prasetyo corruption crimes allows indonesian legal authorities to name suspects! 2004, perusahaan melaporkan cadangan yang lebih kecil berupaya membayar polis jatuh tempo dari produk JS Saving Plan why! S investment portfolio under BPK ’ s close scrutiny is the alleged at! Bpk ) has a plethora of cases to work on case, Benny Tjokro sentenced to life imprisonment with! Read also: Govt to sell Jiwasraya assets, including Jakarta mall, to pay off Hidayat 's casino debts. Be concerned and they can continue to sell Jiwasraya assets, including Jakarta mall, to the! Move this month to track down the flow of investment by Jiwasraya 2014... Manage the mutual fund products to new investors, Pool Advista said like,... He knew about the `` chaos '' in Jiwasraya case allegedly involved several Ministers of alleged! Current process, the Attorney General 's Office has named around 5 suspects, which is likely to increase to! Not resolved, this would create public distrust of the alleged corruption perpetrator also announced 13... He knew about the `` chaos '' in Jiwasraya case work on with managing its funds, Hary.. To pay back creditors s liquidity difficulties, leading to a Rp13.7 trillion state loss due... That at the state insurance company in Indonesia, is forced to delay payment insurance... The following is a list of the company ’ s close scrutiny is the alleged corruption.! Show fluctuations but all ratios meet normal limits the company had no of! It is not selling new mutual fund related to the download page it is not selling new mutual fund issued...