Jiwasraya Will Disband Before Changing Government, Staff Of The Minister Of SOEs: Estimated September

Staff of the Minister of SOEs Arya Sinulingga (Photo: Doc. VOI)

JAKARTA - The Ministry of State-Owned Enterprises (BUMN) announced that it will close Jiwasraya this year. The dissolution of this state-owned company will be carried out before the change of government in October.

Special Staff III of the Minister of SOEs Arya Sinulingga said that Jiwasraya was the largest fraud case, reaching almost IDR 50 trillion. He said the disbandment of the company is expected to be carried out in September 2024.

"The estimate (dissolution) is basically September (2024). In accordance with POJK, the dissolution process has stages of limiting business activities, revocation of business licenses to liquidation reporting," he said when met at the Ministry of SOEs, Jakarta, Thursday, August 22.

Arya said fraud criminals have also received sanctions with consumer sentences for life. Meanwhile, the handling of customers or policyholders has also been handed over to IFG Life.

For your information, the rescue of Jiwasraya policyholders used the State Revenue and Expenditure Budget (APBN) funds through state capital participation (PMN) which amounted to Rp32 trillion.

The total number of Jiwasraya customers was recorded at 5,686 for corporations and 291,290 retail customers. The restructuring has almost been completed, which is 99 percent.

"So the total they are all transferred to IFG. So this is the largest restructuring in history that has been successfully reconstructed for insurance," he said.

Arya also explained that the disbandment of Jiwasraya was in accordance with POJK number 8 of 2019 and RPK. "Because it's about to be completed, it's about to be final, so according to POJK and RPK with Jiwasraya it is disbanded. After everything is successfully restructured, it will be disbanded," he said.

Meanwhile, Acting President Director of Jiwasraya Mahelan Prabantarikso said that Jiwasraya's customers who refused the restructuring were recorded at 1,000 policyholders worth Rp178 billion.

He said the customer still had the opportunity to apply for restructuring. Even so, Mahelan said that his party would respect the customer's decision to still reject restructuring and choose to take legal action.

So from the total total (restructuring inequality customers) there is approximately 0.3 percent. There are around 1,000 policies that still have not followed the restructuring, with a value of approximately Rp. 178 billion, "he concluded.