JAKARTA (TheInsiderStories) - The panel of judges sentenced president director of PT Hanson Internasional Tbk (IDX: MYRX), Benny Tjokrosaputro, and chairman of PT Trada Alam Minera Tbk (IDX: TRAM), Heru Hidayat for life on the state insurance firm, PT Asuransi Jiwasraya‘ bribery cases. They also fined Rp16.8 trillion (US$1.14 billion) or same as the potential state loss calculated by the Supreme Audit Agency.
In detailed, Tjokrosaputro must pay Rp6.078 trillion to the government and Hidayat worth of Rp10.72 trillion. Earlier, four other defendants such as former Jiwasraya’ CEO Hendrisman Rahim, former finance director Hary Prasetyo, former investment and finance division head Syahmirwandan, and director of PT Maxima Integra, Joko Hartono Tirto, had already been sentenced to life imprisonments.
“Benny Tjokro was legally and convincingly proven to have committed acts of corruption together and committed the crime of money laundering,” said the chairman of judges, Rosmina at the Central Jakarta District Court, on Monday night (10/26).
She continued, the aggravating factor was Tjokrosaputro has proven used a nominee or other party’ name or a fake ID card. It also founded a company that had no activities to accommodate the proceeds of the corruption.
“The actions of the defendant were carried out for a long time and caused huge losses to the state, the public and the sharia life insurance customers. The defendant’ actions was damage the capital market industry, eliminating public confidence in the insurance industry,” said the judge.
Beside them, attorney general office also named deputy commissioner of Financial Services Authority (FSA), Fakhri Hilmi, and 13 investment managers as the suspect of corruption case. According to the spokesman, Hari Setiyono told reported as quoted by local media.
He added, the corporations were also charged under the article money laundering, while Hilmi only subject to the article of corruption. The companies are PT Dana Wibawa Investment Management, PT Oso Investment Management, PT Pinekel Persada Investment, PT Millenium Danatama, and PT Prospera Asset Management.
Then, PT MNC Asset Management, and PT Maybank Asset Management, PT GAP Capital, PT Jasa Capital Asset Management, PT Corvina Capital, PT Iserfan Investama, PT Sinar Mas Asset Management, and PT Pool Advista Management.
Jiwasraya experienced a failure to pay for the JS Saving Plan insurance product which will mature in the fourth quarter of 2019 with a value of Rp12.4 trillion and this year have the potential lift to Rp16 trillion.
The JS Saving Plan is an investment-wrapped life insurance product offered through banks also known bancassurance. The product have a guaranteed return of 9 – 13 percent during 2013 – 2018 with a disbursement period every year.
US$1: Rp14,700
Written by Staff Editor, Email: theinsiderstories@gmail.com
