OJK Blocks 800 Securities Accounts Linked to Jiwasraya Scandal

TEMPO.CO, Jakarta - The Financial Services Authority (OJK) has officially asked the Indonesian Central Securities Depository (KSEI) to block roughly 800 securities accounts allegedly linked to the corruption scandal and default of state-insurer Jiwasraya. 

“The number of [accounts] could grow and exceed that number. But for now, OJK and the Attorney General’s Office (AGO) continued to communicate intensively on this case,” said OJK public relations and strategic management deputy-commissioner Anto Prabowo on Friday, January 24. 

According to Anto, the request initially comes from the AGO, which was then communicated by the OJK to the KSEI as an anticipative measure and legal process by the AGO.

Jiwasraya is undergoing a default of up to Rp12.4 trillion apart from the corruption case incriminating PT Hanson International president director Benny Tjokrosaputro. The total losses the country endured is predicted to exceed Rp13.7 trillion.

Assets belonging to Benny that were confiscated by authorities include 156 land ownerships, five luxury cars, and a Harley Davidson motorcycle.

The blockage of securities accounts had been voiced since January 16, 2020 by AGO spokesman Hari Setiyono. He said investigators blocked the securities accounts and custodial accounts of securities owned by the suspects in the Jiwasraya corruption case. 

FAJAR PEBRIANTO | ANDITA RAHMA