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. 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. BPK conducts investigative audit on OJK, state-owned companies in Jiwasraya case Without stronger enforcement and oversight, and putting the right people in power to apply good corporate governance, a time bomb waits to explode into another financial-service scandal. The million-dollar question: Was the IDX not in the loop with the investigation carried out by the OJK, the Attorney General’s Office and the Supreme Audit Agency (BPK), which claimed to have been suspicious “for years”? After all, they were still legitimate shares listed on the stock exchange. Defendants wear face shields and masks during a hearing in the PT Asuransi Jiwasraya case at the Jakarta Corruption Court. The Public Prosecutor could have presented witnesses against the defendants Benny Tjokro namely Hexana Tri Sasongko, Setya Widodo, Agustin Widhiastuti, and Denny Sjahbani. A list of the most popular web browsers can be found below. Jakarta, CNBC Indonesia – The trial of charges against one of the defendants in the alleged corruption case of PT Asuransi Jiwasraya (Persero), namely President Commissioner of PT Trada Alam Minera Tbk (TRAM) Heru Hidayat was read out until this Thursday night (15/10/2020) by the Public Prosecutor (JPU). The state-owned insurance company PT Asuransi Jiwasraya confirms its inability to make payments for the matured claims of insurance policies totally worth Rp12.4 trillion (equivalent /- US$885.7 million) to around 17,000 policyholders of “JS Saving Plan” – an insurance-unit-link product – by the end of this year. Just click on the icons to get to the download page. 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, Picture taken September 7, 2020, in this photo taken by Antara Foto/M Risyal Hidayat/via Reuters. Melalui proses hukum maka terbuka kesempatan untuk membuktikan ketidakbenaran isu. Sebaliknya jika menjadi "case closed", maka logika terbalik akan berkonklusi bahwa penyalahgunaan dana Jiwasraya untuk kecurangan Pilpres memang benar adanya. Amid ongoing investigations, five big fish have been named suspects in the case, including tycoons Benny Tjokrosaputro and Heru Hidayat. The Attorney General’s Office began on Monday the questionings on witnesses and potential suspects of foul play in troubled life insurer Asuransi Jiwasraya, while the House of Representatives sought to open inquiry on the insurer's auditors, which include global accounting firm PricewaterhouseCooper. 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 TEMPO.CO, Jakarta - A personal staffer of Democratic Party Chairman Susilo Bambang Yudhoyono, Ossy Dermawan, revealed that SBY had a meeting with the party faction members in the House of Representatives (DPR) in talks of alleged corruption case of Jiwasraya.. Fatmawati General Hospital in South Jakarta has denied news about Idul Fitri holiday bonus (THR) and salary cuts, as reported by The Jakarta Post on May 21. But as an institution with oversight of the performance of financial firms, and with the authority to enforce good corporate governance, the OJK simply doing its job is the least we might expect to safeguard the industry, and our investments. On Jan. 24, the Attorney General&rsqu... Office of state-owned insurance company PT Asuransi Jiwasraya in Jakarta. Bike to Work Co-founder Responds to Govt’s Bicycle Regulation Co-founder and Bike to Work (B2W) community manager, Toto Sugito, responded positively to the Ministry of Transportation’s plan to regulate bicyclists. With several banks selling Jiwasraya products, there are fears that its failure could have a systemic impact on the financial services industry. Read also: WanaArtha Life’s securities accounts blocked by AGO in Jiwasraya trickle down effect Jakarta. The regulator is known to the press only by his initials, FH. Moch. Jakarta launched an investigation into Jiwasraya after the century-old insurer failed to pay out over IDR16 trillion (US$1.17 billion) of obligations to its customers. The handling of the Jiwasraya and Asabri cases is good enough as firefighting measures go, but the elephant in the room remains: poor good corporate governance in our state firms, and weak oversight by authorities. Just as a lack of fundamental action taken following Bank Century led to Jiwasraya. Kasus ASABRI ini, ada bertalian dengan terpidana korupsi dan TPPU Jiwasraya. Insurance companies, investment management businesses and even cooperatives have been reportedly having liquidity problems after the Jiwasraya revelations. Direktur Jenderal Kekayaan Negara Kementerian Keuangan, Isa Rachmatarwata, mengungkakan bahwa polis nasabah PT Asuransi Jiwasraya pada dasarnya bisa dialihkan ke perusahaan asuransi lain jika perusahaan pelat merah itu tidak mampu menanggungnya.. Namun, katanya, skema itu biasanya digunakan dalam industri asuransi bila perusahaan asuransi yang … Adapun portofolio investasi kedua BUMN asuransi ini pada saham emiten-emiten di lantai bursa mengalami penurunan yang cukup tajam. 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. Indeed OJK regulations require insurers to file monthly periodic assessments. ... Jakarta Post - August 14, 2020. Now, the people who simply expected to deposit their money in a professional state financial institution, regulated and monitored by authorities, cannot cash in their policies that have matured. At present, Jiwasraya is still waiting for the… IO, Jakarta – Both the Democrat Party and the Prosperous Justice Party (Partai Keadilan Sejahtera – “PKS”) Factions officially submitted proposals for establishing a Special Task Force to deal with the Jiwasraya Case. The Jiwasraya case should be a lesson in the insurance industry ecosystem JAKARTA — Economist at the University of Indonesia (UI) Telisa Aulia Falianty hopes that efforts to save PT Asuransi Jiwasraya (Persero) does not stop at the restructuring program. Regional heads have questioned the substance of the omnibus bill on job creation, which many have said could potentially centralize power in the central government. JAKARTA - Attorney General's Office (Attorney General's Office) memastikan mengambil alih penanganan kasus penyimpangan keuangan di PT Asuransi Sosial Angkatan Bersenjata Republik Indonesia (ASABRI). — The Jakarta Post. News ›› Indonesia ›› Corruption & Abuse of Power. They may need to wait months for government efforts to salvage Jiwasraya to bear fruit. Staff shortages have become the OJK’s classic excuse in monitoring the financial services industry, not only insurance companies. Just click on the icons to get to the download page. Whatever the government’s plans for Jiwasraya, returning customer money should be the top priority, and everything else secondary. "Kalau melihat penanganan Jiwasraya ini, dapat dilokalisir sebagai satu case dalam penangan investasinya Jiwasraya," ujar Hadiyanto di Jakarta, Rabu (15/1/2020). But fundamental differences distinguish the Jiwasraya and Asabri cases from the infamous Rp 6.7 trillion (US$490 million) bailout, which saw the courts and lawmakers question the then-vice president, as well as the finance minister—the latter holding tasbih (prayer beads) in her hand. WE Online, Jakarta - . Like Jiwasraya, hundreds of millions of dollars have been lost from Asabri’s investment portfolio. Jakarta Globe brings our readers unrivaled, authoritative reporting and writing in English on Indonesia, Asia and the wider world. House to form teams in Jiwasraya probe The Jakarta Post, headline. Even if we are not customers of Jiwasraya, Asabri, Garuda or any other state enterprise, we still pay for them, as our taxes fund them. With Bank Century we saw the LPS doing the dirty work of funneling hundreds of millions of dollars from state coffers into a lender that had allegedly been embezzled by its owners. As in the stock market, retail investors are the most vulnerable. Jakarta, IDN Times – Legal practitioner Ricky Vinando defended the defendant in the alleged corruption case of PT Asuransi Jiwasraya, Benny Tjokrosaputro. A list of the most popular web browsers can be found below. 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