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House forms three committees to probe Jiwasraya, Asabri scandals
Aria Bima will chair the Commission VI working committee amid allegations that the Jiwasraya scandal occurred because the money was used to support Jokowi’s campaign in the 2019 presidential election.
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A man walks in front of the Jiwasraya building in Jakarta on Wednesday, Jan. 15. (JP/Wendra Ajistyatama)
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he House of Representatives has set up three working committees tasked with investigating alleged corruption at state-owned insurers Asuransi Jiwasraya and Asuransi Sosial Angkatan Bersenjata Republik Indonesia (Asabri), an effort supported mainly by parties in the government coalition
House's Commission XI overseeing financial affairs was the last to set up a committee on the cases, whose works will focus on ensuring affected policyholders get their money back.
Jiwasraya is in deep financial trouble after failing to pay out on customers’ policies when they fell due. Jiwasraya promised customers hefty gains but invested their funds in questionable stocks. Five big fish have been named suspects in the case, including tycoon Benny Tjokrosaputro and PT Trada Alam Minera president commissioner Heru Hidayat.
The two businessmen sold off their stocks, which were in Jiwasraya’s portfolio, before the scandal exploded, causing Jiwasraya’s investment value to plunge.
Asabri, another state insurer and pension fund manager for military and police personnel and Defense Ministry employees, had also allegedly been investing in shady stocks. Coordinating Political, Legal and Security Affairs Minister Mahfud MD said Asabri's capital had dropped by Rp 17 trillion in a year.
Like Jiwasraya, hundreds of millions of dollars are gone from Asabri’s investment portfolio.
"We have formed an Asabri investigation team," Prabowo said. "It has started the work.”
