JFSA to Help OJK Review J Trust

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  • J Trust Beli Bank Mutiara Rp 4-5 Triliun

    J Trust Beli Bank Mutiara Rp 4-5 Triliun

    TEMPO.CO, Jakarta - The Financial Services Authority (OJK) has received relevant documents on J Trust Co Ltd., a Japanese firm that will undergo a fit and proper test as a potential buyer of PT Bank Mutiara Tbk.

    OJK chairman Muliaman Hadad yesterday said the agency is working with Japan's financial regulator, the Financial Services Authority (JFSA) in checking up J Trust's data.

    "We will call J Trust after the data is complete," said Hadad. The OJK hopes to announce the test results before November 21.

    On Monday, Bank Mutiara held an extraordinary shareholders meeting, in which they approved the bank's takeover by J Trust. The meeting also disclosed that J Trust has paid up 10 percent of the bank's total sales value.

    GANGSAR PARIKESIT | MAYA NAWANGWULAN | DINI PRAMITA | EFRI RITONGA