Jiwasraya Scandal; Over 800 Stock Accounts Suspended



Laila Afifa

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  • TEMPO.CO, JakartaOver 800 securities accounts linked to the corruption and default case of state-owned insurance firm Jiwasraya were suspended. The temporary withholding was as per the request of the Attorney General's Office (AGO) to the Financial Service Authority (OJK), which was executed by the Indonesian Central Securities Depository (KSEI).

    “All requests come from the AGO and as OJK’s anticipative measures to help the ongoing legal proceeding in the AGO,” said the OJK’s deputy commissioner for public relations and strategic management, Anto Prabowo, in Jakarta, Friday, January 24.

    According to Anto, the number of suspended accounts was subjected to increase since the investigation process was still afoot at the AGO. OJK and AGO, he added, would resume intensive coordination to handle the case.

    Earlier reported, the national insurer dealt with default reaching Rp12.4 trillion, as well as corruption case allegedly committed by Hanson International president director Benny Tjokrosaputro. The state is estimated to incur losses of up to Rp13.7 trillion. 

    The suspension process of the securities accounts was carried out under the applicable rules by KSEI, which will be done after they received the order from OJK.

    On January 22, the Indonesian Stock Exchange (BEI) and OJK also suspended five stocks trading allegedly connected with the Jiwasraya scandal.