TEMPO.CO, Jakarta - The Attorney General's Office (AGO) has named 10 investment companies as suspects in Asabri corruption case.
"The investigators discovered that the funds were not managed professionally and independently by the investment managers as they were controlled by a third party for the interest of the controller," Head of AGO's Law Information Center, Leonard Eben Ezer Simanjuntak, said on Wednesday, July 28.
As a result, the state endured financial losses. Leonard said the act was against the regulations on capital market and the functions of investment managers and other rules.
The 10 corporation suspects include PT IIM, PT MCM, PT PAAM, PT RAM, PT VAM, Lalu PT ARK, PT OMI, PT MAM, PT AAM, and PT CC.
"The investment managers are charged with Article 2 in conjunction with Article 3 of Law 31/1999 on Corruption Eradication, as well as Article 3 and 4 of Law No. 8/2010 on the prevention and eradication of money laundering," said Leonard on the development of Asabri case.