Corruption Jiwasraya, Director Of PT Maxima Integra Hartono Sentenced To Life

Voining session of the Director of PT Maxima Integra Joko Hartono Tirto (Photo: Antara)

JAKARTA - Director of PT Maxima Integra Joko Hartono Tirto was sentenced to life for being proven to have committed corruption which caused loss to state finances worth Rp. 16.807 trillion related to financial management and investment funds at PT. Asuransi Jiwasraya (Persero).

"On trial, declared the defendant Joko Hartono Tirto legally and convincingly guilty of committing a criminal act of corruption together as the primary indictment. Sentencing the defendant to life imprisonment," said head of the panel of judges Rosmina at the Corruption Court in Jakarta, reported by Antara, Monday , The evening of October 12th.

The verdict is the same compared to the demands of the public prosecutor (JPU) at the Attorney General's Office who asked Joko to be sentenced to life imprisonment and a fine of Rp1 billion, a subsidiary of 6 months in prison.

There are a number of burdensome and mitigating things in Joko Hartono Tirto's actions. The defendant took advantage of his closeness to Hary Prasetyo in devious ways as if he wanted to free Jiwasraya from bankruptcy, but it caused considerable state losses.

"The act was carried out in a long period of time, namely a period of 10 years and only stopped after the board of directors changed. The defendant's position as an 'advisor' to PT Maxima Integra was only to make it easier for the defendant to commit his actions," said Judge Rosmina.

The panel of judges also considered that Joko Hartono's mitigation action deserved not to be considered.

"The defendant's actions damaged the capital market world by exploiting capital market transactions and eliminating public trust in insurance, causing direct losses to the public, especially insurance customers. The defendant was polite and was the head of the family, but the defendant did not regret and confessed his actions, thus making a polite attitude. and the status of the defendant's family head was erased in his actions, "said judge Rosmina.

The verdict is based on the primary indictment of article 2 paragraph (1) in conjunction with article 18 of Law no. 31 of 1999 as amended by Law no. 20 of 2001 concerning the Eradication of Corruption in conjunction with Article 55 paragraph (1) 1st of the Criminal Code.

According to the judge, Joko Hartono Tirto together with the President Director of PT Asuransi Jiwasraya (Persero) 2008-2018 Hendrisman Rahim, Jiwasraya's Finance Director for the January 2013-2018 period Hary Prasetyo, Head of Jiwasraya Investment and Finance Division 2008-2014 Syahmirwan, President Director of PT Hanson International Tbk Benny Tjokrosaputro and President Commissioner of PT Trada Alam Minera Tbk Heru Hidayat committed various actions that resulted in state losses of up to IDR 16.807 trillion in the management of PT Asuransi Jiwasraya's funds.

These actions are, first, Hendrisman Rahim, Hary Prasetyo and Syahmirwan entered into an agreement with Heru Hidayat, Benny Tjokrosaputro and Joko Hartono Tirto in managing the PT Asuransi Jiwasraya (AJS) Stock Investment and Mutual Funds which were not transparent and unaccountable.

Second, the management of stocks and mutual funds is carried out without analysis based on objective and professional data in the Head Office Internal Note (NIKP) but the analysis is only made a joint formality.

Third, the purchase of BJBR, PPRO and SMBR shares has exceeded the provisions stipulated in the investment guidelines, which is a maximum of 2.5 percent of the outstanding shares.

Fourth, to purchase and / or sell shares of BJBR, PPRO, SMBR and SMRU with the aim of invading prices that ultimately do not provide investment returns and cannot meet liquidity needs to support operational activities.

Fifth, controlling 13 investment managers by forming a special mutual fund product for PT AJS so that the management of financial instruments that are the "underlying" PT AJS mutual funds can be controlled by Joko Hartono Tirto.

Sixth, they will continue to approve the purchase / sale of 21 mutual fund products managed by the 13 managers who are affiliated with Heru Hidayat and Benny Tjokrosaputro even though in the end they did not provide investment returns and were unable to meet liquidity needs to support the company's operational activities.

Seventh, giving money, shares and facilities to Hendrisman Rahim, Hary Prasetyo and Syahmirwan in connection with the cooperation in stock investment management and mutual funds of PT. AJS from 2008 to 2018.

"The defendant Joko Hartono Tirto received money in stages of Rp. 2 billion from Heru Hidayat without a receipt," said the judge.

According to the judge, based on the results of the investigation, it was found that there were state losses on investment in shares of BJBR, PPRO and SMBR

"There was a default due to the mismanagement of shares that could not be sold because the stocks did not have liquidity and the risk arose because there was no good in-depth analysis beforehand and price manipulation was carried out by Benny Tjokrosaputro and Heru Hidayat, resulting in invasion," said the judge.

For the transaction of BJBR, PPRO, and SMBR shares, Heru Hidayat has received a total of Rp 4,650,283,375 while in managing 21 mutual funds to 13 investment managers, Benny Tjokro has received a total profit of Rp12.157 trillion which cannot be determined with certainty. respectively.

Regarding this case, the President Director of PT Asuransi Jiwasraya (Persero) 2008-2018 Hendrisman Rahim, Jiwasraya's Finance Director for the January 2013-2018 period Hary Prasetyo, Head of the Jiwasraya 2008-2014 Investment and Finance Division Syahmirwan was also sentenced to a life sentence.