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View all search resultsIn 2008, three Jiwasraya executives manipulated the state insurer’s asset portfolio to polish its bleak financial report that year. Ten years later, it ended as one of the largest corruption cases in the country's history.
Jiwasraya failed to pay out customers policies, worth up to Rp 16 trillion (US$1.2 billion), that fell due in December, prompting the Attorney General’s Office (AGO) to launch a corruption investigation.
The Corruption Eradication Commission (KPK) is exploring the possibility of working with state institutions, including the Finance Ministry and Attorney General’s Office (AGO), to formulate the best method to manage assets confiscated from corruption cases it handles, the commission’s top official has said.
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