PT Asuransi Jiwasraya, the oldest life insurance company in Indonesia, is forced to delay payment of insurance policies due this month. Jakarta - PT Asuransi Jiwasraya (Persero) tengah berupaya membayar polis jatuh tempo dari produk JS Saving Plan. 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. Read also: Govt to sell Jiwasraya assets, including Jakarta mall, to pay back creditors. Like Jiwasraya, hundreds of millions of dollars have been lost from Asabri’s investment portfolio. 27 February 2020 13:07 WIB. In January, the AGO also named three former Jiwasraya executives and three businessmen suspects. 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. PT Corfina Capital 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. DAI: Plenty of Troubled Insurances Similar to Jiwasraya. The department head of capital market monitoring at the OJK from 2014 to 2017 was Fakhri Hilmi. “We also allege that the companies committed money laundering.”. 13 Oct 2020 09:21. Formulir & Dokumen Temukan berbagai dokumen dan formulir untuk membantu kami melayani anda. He claimed to have been … 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. Thankfully, in the current process, the Attorney General's Office has named around 5 suspects, which is likely to increase. 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. H. Juanda No. Chief of the Law Information Center of the Attorney General's Office Hari Setiyono (left). “We might see a wave of redemption, especially on mutual fund products issued by the 13 companies,” he said. According to the prosecutor, Gunawan used the assets to pay off Hidayat's casino gambling debts. 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. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia 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. Bermula pada 2004, perusahaan melaporkan cadangan yang lebih kecil … Customers shouldn’t be concerned and they can continue to sell and buy [mutual fund products] as usual.”. 11. Jakarta, CNN Indonesia -- Otoritas Jasa Keuangan (OJK) akhirnya angkat suara soal permasalahan PT Asuransi Jiwasraya (Persero).Padahal, sebelumnya, OJK sempat irit bicara mengenai asuransi BUMN tersebut. Former President Director of PT Asuransi Jiwasraya Persero, Hendrisman Rahim, was sentenced […] Agung said his team would work hard to prevent Jiwasraya's slip-up from causing lasting damage to the system. 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. 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. PT Dhanawibawa Manajemen Investasi/Pan Arcadia Capital A list of the most popular web browsers can be found below. 13. 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. 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. Hendrisman is being detained at Pomdam Jaya, a military police detention facility in South Jakarta, and Syahmirwan at the Cipinang Detention Center. Heru claimed to have told AGO investigators everything he knew about the "chaos" in Jiwasraya. Proven Guilty In The Jiwasraya Case, Benny Tjokro Sentenced To Life. Your browser is out of date, and may not be compatible with our website. 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. “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. There is a possibility of fraud in Jiwasraya’ case… 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. (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.) (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. Beside him, the attorney general’ Office also arrested former finance director of Jiwasraya, Hary Prasetyo. 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. The 2001 law on corruption crimes allows Indonesian legal authorities to name companies suspects. 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. A man shows the PT Asuransi Jiwasraya application on his smartphone in Jakarta on Feb. 14. “We accuse all suspects of violating laws for their personal interests, as stipulated in Article 2 of the 1999 Corruption Crime Law,” Hari said. 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. 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. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia 10. 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. 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. Meanwhile, the amount of money managed to be confiscated by the BPK from 6 suspects in the Jiwasraya case amount to Rp13.1 trillion. 7. The AGO on Thursday accused the 13 companies of mismanaging or laundering the premium revenue collected by Jiwasraya from 2014 to 2018. 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. 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). Corporate Arrest Possible in Jiwasraya Case: AGO. 6. Read also: OJK sees insurance industry growing amid pandemic. 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. Informasi cepat untuk kontak & alamat provider di seluruh Indonesia. 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. 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 similarity referred to is on the side of the alleged corruption perpetrator. 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. The following is a list of the 13 companies that were named suspects: 1. Former President Director of PT Asuransi Jiwasraya Persero, Hendrisman Rahim, was sentenced […] PT Treasure Fund Investama Indonesia The BPK had already suspected that something was amiss during its audit on the company back in 2006. 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. 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. 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. Fraud Auditing Law Implications in the Case of Jiwasraya Insurance in Indonesia. “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. The similarity referred to is on the side of the alleged corruption perpetrator. The naming of new suspects follows the AGO’s move this month to track down the flow of investment by Jiwasraya. Kurs transaksi. “The state pays AGO officers to conduct investigations and name suspects, so there is nothing special about the AGO’s performance in resolving the Jiwasraya case – for now,” Abdul said. PT. The company’s failed investments have led to a Rp13.7 trillion state loss. OJK deputy commissioner detained as Jiwasraya graft case suspect. 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. PT Sinarmas Aset Manajemen, Defendants wear face shields and masks during a hearing in the PT Asuransi Jiwasraya case at the Jakarta Corruption Court. Perseroan melakukan sejumlah cara agar kewajiban perseroan bisa dipenuhi. 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. All of the defendants were found guilty and sentenced to life imprisonment. As a result, it failed to pay out Rp 16 trillion (US$1.1 billion) in matured policies due in February to its policyholders. Just click on the icons to get to the download page. The suspects are now defendants, having undergone their first hearing on June 4. TEMPO.CO , Jakarta - THE Supreme Audit Agency (BPK) has a plethora of cases to work on. 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). JAKARTA - Bareskrim Polri has decided to delegate the handling of PT Asabri's alleged corruption case to the Attorney General's Office (Kejagung). This type of research is a case study. Jiwasraya is accused of mismanagement when it invested its premium revenue from the JS Saving Plan, one of the company’s insurance products, in … 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). “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. 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. 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 results of financial ratio analysis and Risk Based Capital show fluctuations but all ratios meet normal limits. 2. 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 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. 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. 9. Currently, the asset management company is still operational but only to manage the mutual fund related to the Jiwasraya case. 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. PT Pool Advista Asset Management 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). He acknowledged that at the beginning, the company had no intentions of practicing the Ponzi scheme. Maybank Aset Manajemen Boyamin, who also reported alleged fraud in Jiwasraya to the AGO in Jakarta in 2018, said the public should appreciate any progress made by the AGO regarding the case. 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 … PT Jasa Capital Aset Manajemen It also named on Thursday a Financial Services Authority (OJK) official, identified only as FH, as a suspect in the case. 12. 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. Indonesian Anti-Corruption Community (MAKI) … Attorney General S.T. PT GAP Capital ONE of the cases that came under BPK’s close scrutiny is the alleged fraud at the state insurance company, Asuransi Jiwasraya. PT Milenium Danatama The Indonesian Association of Mutual Funds Managers (APRDI) assured that the case would not affect the industry as every mutual fund was managed separately. 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. 26 Okt 2020 21:28 | Editorial Team . PT OSO Manajemen Investasi 18 Desember 2020 17:39 … 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. Investment mistake is suspected to be the cause of the company’s liquidity difficulties, leading to a failure to pay the policies. JBN NEWS | JBN NEWS is the latest news portal today, which has a network throughout Indonesia, specifically highlighting popular news regarding government, lifestyle, crime, politics, regional cases, education news, legal issues, TNI and Polri news 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. Like Jiwasraya, hundreds of millions of dollars have been lost from Asabri’s investment portfolio. The AGO is also looking into possible reasons as to why Jiwasraya decided to entrust the companies with managing its funds. PT. 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. 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. CNBC Indonesia menyajikan berita terkini, riset, dan analisis mendalam seputar Berita Tentang "Jiwasraya" Terkini Dan Terlengkap - CNBC Indonesia. 3. A man walks at the office of state-owned insurance company PT Asuransi Jiwasraya in Jakarta. 5. Your browser is out of date, and may not be compatible with our website. 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). 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. A list of the most popular web browsers can be found below. PT MNC Aset Manajemen Hari also announced that 13 asset management companies were named suspects in the case. Pemerintah menyepakati pemberian penyertaan modal negara (PMN) sebesar Rp22 triliun kepada Indonesia Financial Group (IFG Life) 19 Desember 2020 05:32 WIB. All of the defendants were found guilty and sentenced to life imprisonment. One of the cases is the alleged fraud at the state insurance company, Jiwasraya. Hendrisman Rahim is sentenced to life due to his part in Jiwasraya case. Berita Nasabah Tak Puas Restrukturisasi Jiwasraya, Ini Kata Kemenkeu . As a result, it failed to pay out Rp 16 trillion (US$1.1 billion) in matured policies due in February to its policyholders. 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. Read more about Jiwasraya crisis Indonesia Set … 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. 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. The AGO accused the companies of mismanaging or laundering the premium revenue collected by Jiwasraya from 2014 to 2018. 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 reason is that a number of assets that have been confiscated and potential suspects have similarities with the PT Asuransi Jiwasraya case. 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. 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. The situation encouraged the com… It is not selling new mutual fund products to new investors, Pool Advista said. 8. Berikut kronologi permasalahan keuangan Jiwasraya versi OJK berdasarkan dokumen yang diterima CNNIndonesia.com. 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. PT Pinacle Persada Investasi 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. 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. Melayani anda 2014 to 2018 Supreme audit Agency ( BPK ) has a of. 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