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Jakarta Post

House forms three committees to probe Jiwasraya, Asabri scandals

  • Ghina Ghaliya and Marchio Irfan Gorbiano

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, January 22, 2020   /  02:05 pm
The Jakarta Post Image
A man walks in front of the Jiwasraya building in Jakarta on Wednesday, Jan. 15.(JP/Wendra Ajistyatama)

The 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 Ji...