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). Isa Rachmatarwata mengatakan manajemen Jiwasraya berkomitmen menyelesaikan persoalannya dengan nasabah dengan baik. 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. 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. 34, Jakarta Pusat, 10120, Indonesia Email : asuransi@jiwasraya.co.id 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. One of the suspects, PT Pool Advista Aset Manajemen (PAAM), saw an increase in redemption since the company was still named a witness in the case and it expected to see more redemption during the trial process, according to information disclosure filed with the Indonesia Stock Exchange (IDX) by its parent company, publicly listed PT Pool Advista. Jiwasraya is the second major Indonesian life insurer to run into financial trouble after Bumiputera, which has been in a restructuring process since 2013 following mounting claim liabilities. “We also allege that the companies committed money laundering.”. In the letter, Jiwasraya said the payment was postponed due to liquidity difficulties in its finances, even though the state-owned insurance company showed a positive performance in the 2017 financial report, with a profit of Rp 2.4 trillion. 5. The office has questioned almost 30 witnesses, ranging from asset management executives and OJK officials to former Indonesia Stock Exchange executives, from June 2 to June 23. Attorney General S.T. The department head of capital market monitoring at the OJK from 2014 to 2017 was Fakhri Hilmi. Your browser is out of date, and may not be compatible with our website. Maybank Aset Manajemen The postponement of payment was carried out to 711 bancassurance products worth Rp 802 billion. 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. A list of the most popular web browsers can be found below. Corporate Arrest Possible in Jiwasraya Case: AGO. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia 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. 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. Meanwhile, the amount of money managed to be confiscated by the BPK from 6 suspects in the Jiwasraya case amount to Rp13.1 trillion. 13 Oct 2020 09:21. The suspects are now defendants, having undergone their first hearing on June 4. Previously reported, the Attorney General of the Republic of Indonesia, ST Burhanuddin said there was an indication of similarity between the alleged corruption case of PT Asabri (Persero) and PT Asuransi Jiwasraya (Persero). 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. Proven Guilty In The Jiwasraya Case, Benny Tjokro Sentenced To Life. 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. Hari also announced that 13 asset management companies were named suspects in the case. PT Prospera Aset Manajemen Just click on the icons to get to the download page. 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). Thankfully, in the current process, the Attorney General's Office has named around 5 suspects, which is likely to increase. 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. A list of the most popular web browsers can be found below. The reason is that a number of assets that have been confiscated and potential suspects have similarities with the PT Asuransi Jiwasraya case. “So, a problem with one mutual fund product will not affect other products managed by the same investment manager,” the industry group said in a statement on Friday, stressing that mutual fund assets were stored and administered by independent custodian banks. 9. Former President Director of PT Asuransi Jiwasraya Persero, Hendrisman Rahim, was sentenced […] They allegedly caused Rp 12.35 trillion (US$873.06 million) of state losses, or 73.46 percent of the total Rp 16.81 trillion in state losses as audited by the Supreme Audit Agency (BPK). 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. Perseroan melakukan sejumlah cara agar kewajiban perseroan bisa dipenuhi. The AGO has blocked mutual fund accounts related to Jiwasraya at the 13 companies and assured on Sunday that other accounts unrelated to the case were not frozen so that the investment managers could still run their business, kontan.co.id reported. 3. One of the cases is the alleged fraud at the state insurance company, Jiwasraya. 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. This type of research is a case study. (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. “The company is fully responsible for every product marketed. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia Hendrisman is being detained at Pomdam Jaya, a military police detention facility in South Jakarta, and Syahmirwan at the Cipinang Detention Center. The similarity referred to is on the side of the alleged corruption perpetrator. Apa yang bisa kami bantu? 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. All of the defendants were found guilty and sentenced to life imprisonment. How do BPK and AGO work together on the Jiwasraya case? Heru claimed to have told AGO investigators everything he knew about the "chaos" in Jiwasraya. Read also: Thirteen companies, OJK official named suspects in Jiwasraya case. 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. Jiwasraya is accused of mismanagement when it invested most of its premium revenue from the JS Saving Plan, one of the company’s insurance products, in pumped-and-dumped stocks. “This product is managed separately from other products sold to the public. He claimed to have been … A man walks at the office of state-owned insurance company PT Asuransi Jiwasraya in Jakarta. “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. 13. Informasi cepat untuk kontak & alamat provider di seluruh Indonesia. 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. PT MNC Aset Manajemen Similar to the Enron case, the Jiwasraya scandal involves a Ponzi scheme on its investment products, as revealed by Jiwasraya’s Director Hexana Tri Sasongko to CNBC Indonesia (12/29/2019). 26 Okt 2020 21:28 | Editorial Team . As a result, it failed to pay out Rp 16 trillion (US$1.1 billion) in matured policies due in February to its policyholders. Before the Jiwasraya trial, only two convicts were sentenced to life, including Adrian Waworuntu during the 2003 trial of a major embezzlement case in a state bank and former Constitutional Court Chief Justice Akil Mochtar who was found guilty in 2014 of taking bribes when handling regional election disputes. 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. There is a possibility of fraud in Jiwasraya’ case… It also insisted that the product did not affect the company and other customers due to the insignificant value. 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. TEMPO.CO , Jakarta - THE Supreme Audit Agency (BPK) has a plethora of cases to work on. 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. The following is a list of the 13 companies that were named suspects: 1. PT Pinacle Persada Investasi The companies allegedly caused state losses amounting to Rp 12.35 trillion, 73.46 percent of the total Rp 16.81 trillion in state losses incurred by Jiwasraya’s investment mismanagement as audited by the Supreme Audit Agency (BPK) from 2008 to 2018. 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