PT Pinacle Persada Investasi
The AGO is also looking into possible reasons as to why Jiwasraya decided to entrust the companies with managing its funds. PT Prospera Aset Manajemen
PT Sinarmas Aset Manajemen, Defendants wear face shields and masks during a hearing in the PT Asuransi Jiwasraya case at the Jakarta Corruption Court. Thankfully, in the current process, the Attorney General's Office has named around 5 suspects, which is likely to increase. “We accuse all suspects of violating laws for their personal interests, as stipulated in Article 2 of the 1999 Corruption Crime Law,” Hari said. The department head of capital market monitoring at the OJK from 2014 to 2017 was Fakhri Hilmi. 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. 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. One of the cases is the alleged fraud at the state insurance company, Jiwasraya. 26 Okt 2020 21:28 | Editorial Team . (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. 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. 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. 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. It also named on Thursday a Financial Services Authority (OJK) official, identified only as FH, as a suspect in the case. 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. Former President Director of PT Asuransi Jiwasraya Persero, Hendrisman Rahim, was sentenced […] Former President Director of PT Asuransi Jiwasraya Persero, Hendrisman Rahim, was sentenced […] 13th October 2020. 8. 4. “We also allege that the companies committed money laundering.”. The naming of new suspects follows the AGO’s move this month to track down the flow of investment by Jiwasraya. Hidayat was charged in this case for committing a crime of money laundering resulting from corruption in the management of funds and the use of investment funds at PT Asuransi Jiwasraya (Persero) that caused state losses of Rp16,807 trillion. Chief of the Law Information Center of the Attorney General's Office Hari Setiyono (left). Ir. 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. Bermula pada 2004, perusahaan melaporkan cadangan yang lebih kecil … The following is a list of the 13 companies that were named suspects: 1. The suspects are now defendants, having undergone their first hearing on June 4. As a result, it failed to pay out Rp 16 trillion (US$1.1 billion) in matured policies due in February to its policyholders. “This product is managed separately from other products sold to the public. All of the defendants were found guilty and sentenced to life imprisonment. Indonesian Insurance Board (DAI) claims there are plenty of insurance firms that share the same problem facing that state-insurance firm Jiwasraya. 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 Indonesian Association of Mutual Funds Managers (APRDI) assured that the case would not affect the industry as every mutual fund was managed separately. He acknowledged that at the beginning, the company had no intentions of practicing the Ponzi scheme. 3. 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. Indonesian Anti-Corruption Community (MAKI) … 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. 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). All of the defendants were found guilty and sentenced to life imprisonment. TEMPO.CO , Jakarta - THE Supreme Audit Agency (BPK) has a plethora of cases to work on. PT GAP Capital
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). PT. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia He claimed to have been … 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. Jakarta - PT Asuransi Jiwasraya (Persero) tengah berupaya membayar polis jatuh tempo dari produk JS Saving Plan. 2. 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. Attorney General ST Burhanuddin (Photo: Antara) JAKARTA - Attorney General of the Republic of Indonesia, ST Burhanuddin said there was an indication of agreement between the alleged corruption case of PT Asabri (Persero) and PT Asuransi Jiwasraya (Persero). 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. 12. Corporate Arrest Possible in Jiwasraya Case: AGO. Benny Tjokro's verdict hearing (Photo: Antara) Share: JAKARTA - President Director of PT Hanson International Tbk Benny Tjokrosaputro has been sentenced to life imprisonment for being proven to have committed corruption in fund management and use of investment funds in PT. Formulir & Dokumen Temukan berbagai dokumen dan formulir untuk membantu kami melayani anda. 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. Agung said his team would work hard to prevent Jiwasraya's slip-up from causing lasting damage to the system. Heru claimed to have told AGO investigators everything he knew about the "chaos" in Jiwasraya. A list of the most popular web browsers can be found below. Just click on the icons to get to the download page. BPK's Agung hoped the case would do little damage to the investment climate in Indonesia, saying that investors should know they are always under the protection of the law. Defendants wear face shields and masks during a hearing in the PT Asuransi Jiwasraya case at the Jakarta Corruption Court. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia January 2020 International Journal of Business, Economics and Management 7(4):203-210 Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia The AGO accused the companies of mismanaging or laundering the premium revenue collected by Jiwasraya from 2014 to 2018. Jiwasraya is accused of mismanagement when it invested its premium revenue from the JS Saving Plan, one of the company’s insurance products, in … 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). Isa Rachmatarwata mengatakan manajemen Jiwasraya berkomitmen menyelesaikan persoalannya dengan nasabah dengan baik. 11. “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. 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 company’s failed investments have led to a Rp13.7 trillion state loss. 13. Like Jiwasraya, hundreds of millions of dollars have been lost from Asabri’s investment portfolio. The situation encouraged the com… As a result, it failed to pay out Rp 16 trillion (US$1.1 billion) in matured policies due in February to its policyholders. PT Pool Advista Asset Management
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. MNC AM said in the statement that the portfolio in the mutual fund, Reksa Dana Syariah Ekuitas II, was determined by Jiwasraya and every portfolio transaction was done according to the insurer’s instruction. “The company is fully responsible for every product marketed. The reason is that a number of assets that have been confiscated and potential suspects have similarities with the PT Asuransi Jiwasraya case. 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. Maybank Aset Manajemen
DAI: Plenty of Troubled Insurances Similar to Jiwasraya. 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. Hendrisman Rahim is sentenced to life due to his part in Jiwasraya case. Read more about Jiwasraya crisis Indonesia Set … Beside him, the attorney general’ Office also arrested former finance director of Jiwasraya, Hary Prasetyo. How do BPK and AGO work together on the Jiwasraya case? Just click on the icons to get to the download page. Kurs transaksi. 10. 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. H. Juanda No. OJK deputy commissioner detained as Jiwasraya graft case suspect. The results of financial ratio analysis and Risk Based Capital show fluctuations but all ratios meet normal limits. 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. Asuransi Jiwasraya (Persero) : Alamat : Jl. 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. Read also: OJK sees insurance industry growing amid pandemic. Pemerintah menyepakati pemberian penyertaan modal negara (PMN) sebesar Rp22 triliun kepada Indonesia Financial Group (IFG Life) 19 Desember 2020 05:32 WIB. 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. 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. 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. Berita Nasabah Tak Puas Restrukturisasi Jiwasraya, Ini Kata Kemenkeu . JAKARTA - Bareskrim Polri has decided to delegate the handling of PT Asabri's alleged corruption case to the Attorney General's Office (Kejagung). Investment mistake is suspected to be the cause of the company’s liquidity difficulties, leading to a failure to pay the policies. 9. PT MNC Aset Manajemen
A man walks at the office of state-owned insurance company PT Asuransi Jiwasraya in Jakarta. 18 Desember 2020 17:39 … 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. Your browser is out of date, and may not be compatible with our website. 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. Attorney General S.T. PT Corfina Capital
The BPK had already suspected that something was amiss during its audit on the company back in 2006. The office accused him 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. It is not selling new mutual fund products to new investors, Pool Advista said. He added that the case would not significantly hit the mutual fund industry, as the 13 investment managers only account for 10 percent of the total assets under management (AUM) of the country’s mutual fund industry, which reached a total of Rp 466 trillion as of May. 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. 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. 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. Informasi cepat untuk kontak & alamat provider di seluruh Indonesia. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia. 7. Hendrisman is being detained at Pomdam Jaya, a military police detention facility in South Jakarta, and Syahmirwan at the Cipinang Detention Center. (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.) The 2001 law on corruption crimes allows Indonesian legal authorities to name companies suspects. Read also: Govt to sell Jiwasraya assets, including Jakarta mall, to pay back creditors. The AGO on Thursday accused the 13 companies of mismanaging or laundering the premium revenue collected by Jiwasraya from 2014 to 2018. 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. Based on the results of the analysis of the 2013 financial statements until 2018 as a whole shows that the financial performance of the insurance company PT Jiwasraya in 2013-2018 is in good condition. 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. 6. 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. TEMPO.CO, Jakarta - The Attorney General's Office has asked the National Defense Agency (BPN) to secure the asset confiscated from the suspect of the alleged … The Supreme Audit Agency (BPK) has been auditing the financial system authority and several state companies as part of its investigative audit on state-owned insurer PT Asuransi Jiwasraya following the Attorney General’s Office's (AGO) decision to name more suspects in the Jiwasraya corruption case. 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. PT OSO Manajemen Investasi
Jiwasraya may raise about 5 trillion rupiah from the stake sale and through the holding firm and improve its negative capital, Riswinandi said. Currently, the asset management company is still operational but only to manage the mutual fund related to the Jiwasraya case. 5. There is a possibility of fraud in Jiwasraya’ case… Benny was among the suspects named by the Attorney General’s Office (AGO) in the high-profile Jiwasraya graft case earlier this year. The postponement of payment was carried out to 711 bancassurance products worth Rp 802 billion. In January, the AGO also named three former Jiwasraya executives and three businessmen suspects. PT. Proven Guilty In The Jiwasraya Case, Benny Tjokro Sentenced To Life. However, the AGO has yet to name any executives of the companies suspects as the investigation is ongoing. In the PT Asuransi Jiwasraya in Jakarta on Feb. 14 click on the side of the corruption. 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