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Jiwasraya Case General Attorney’s Office: Fee returns do not mean crime forgiveness

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IO, Jakarta – The General Attorney’s Office reiterates that the return of “broker fees” related to dodgy invest­ment transactions executed by PT Asuransi Jiwasraya (Persero) would not signify no charged would be pressed for the crime. Investigative Director of the General Attorney’s Office’s Junior General Attorney in Special Crimes Febrie Adriansyah stated that everyone involved will be prosecuted for their criminal acts with sufficient evidence. “Again, I say that such a restitution, even though it is related to the crime, would not absolve the criminals from prosecu­tion. We will definitely pursue anyone if there is sufficient evidence to make them a suspect,” he vowed at the Gedung Bundar, General Attorney’s Office Complex, South Jakarta, on Monday (16/03/2020) night.

Earlier, the General Attorney’s Of­fice confiscated IDR 53.54 billion in returned investment manager fees. Febrie stated that some of the invest­ment manager companies have yet to refund such broker fees. However, he has not yet ascertained how many companies have declined to give back the money and how much is yet to be returned. Therefore, “Not everything is refunded by the relevant 18 invest­ment manager companies yet. The final tally is still unknown,” he said.

The General Attorney’s Office states that there is IDR 54 billion in fictitious broker fees included in Asuransi Jiwasraya investment transactions. “This amount is actu­ally less than the amount invested by the Company in shares and mutual funds,” said Junior General Attorney in Special Crimes Adi Toegarisman in Jakarta on 20 January 2020.

The General Attorney’s Office has named six suspects in the Jiwasraya case: President Director of PT Hanson International Tbk., Benny Tjokro­saputro; President Commissioner of PT Trada Alam Minera, Heru Hi­dayat; former Financial Director of PT Asuransi Jiwasraya, Harry Pra­setyo; former President Director of PT Asuransi Jiwasraya, Hendrisman Rahim; former Head of PT Asuransi Jiwasraya’s Investment and Finance Division, Syahmirwan; and Director of PT Maxima Integra, Joko Hartono Tirto. They are charged with violation of Article 2 Paragraph (1) in conjunc­tion with Article 18 Paragraph (1) Let­ter b and Article 3 of Law Number 31 of 1999 concerning the Eradication of the Crime of Corruption, as has been amended with Law Number 20 of 2001 in conjunction with Article 55 Paragraph (1) of the First Volume of the Criminal Code.

The General Attorney’s Office stated that it has questioned 144 witnesses and searched 16 loca­tions in the case, involving the State- Owned insurance company. Part of the suspects’ assets have been con­fiscated or blocked in the effort to recover losses to the State. Accord­ing to Financial Audit Board (Badan Pemeriksa Keuangan – “BPK”), State losses in the Jiwasraya case total IDR 16.81 trillion. However, the to­tal assets confiscated by the General Attorney’s Office from the suspects is only IDR 13.1 trillion. Investigators are still hunting for the remainder of the suspects’ assets.

Meanwhile, the General Attor­ney’s Office still has not been able to complete the case documents of three suspects in the PT Asuransi Jiwasraya (Persero) suspected cor­ruption case this month. The doc­uments are related to PT Hanson International Tbk. Commissioner Benny Tjokrosaputro, PT Trada Alam Minera Tbk. President Com­missioner Heru Hidayat and PT Max­ima Integra’s President Director Joko Hartono Tirto. “We are making sure to complete first stage documenta­tion in the first week of the coming month,” Febrie Adriansyah stated at the General Attorney’s Office, South Jakarta. “Investigators need more time to complete the documents on these three suspects, because they are also suspected of the crime of money laundering.” (des)

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