Reducing The Tekor Jiwasraya, Hotman Paris: Sinarmas Returns Rp74 Billion Assets To The State

Attorney at PT Sinarmas Asset Management (SAM), Hotman Paris Hutapea. (Photo: Instagram @hotmanparisofficial)

JAKARTA - PT Sinarmas Asset Management (SAM) returns the management fee funds that have been received as an Investment Manager from PT Asuransi Jiwasraya (Persero). The funds that were returned were Rp. 3 billion using corporate funds.

Not only that, SAM also stated its commitment to return the managed funds amounting to IDR74 billion to the state to help reduce Jiwasraya's losses.

SAM's attorney, Hotman Paris Hutapea, said that the refund instantaneous had been carried out on March 9. He said, as a financial institution registered with, and supervised by the Financial Services Authority (OJK), SAM will follow all legal processes that are currently being carried out by the Attorney General's Office and other government institutions or agencies.

"Voluntarily returning the management fee funds that have been received by SAM as the Investment Manager of PT Asuransi Jiwasraya (Persero) in the amount of Rp. 3 billion, and using its own corporate funds, SAM is also committed to returning the managed funds of Rp. 74 billion to the state," he said, in a written statement. received by VOI, Tuesday, July 7.

Hotman said that initially the managed fund was Rp. 100 billion, which Jiwasraya later withdrew for Rp. 20 billion. Furthermore, the remaining Rp77 billion has been blocked and confiscated by the Attorney General's Office, so that until now SAM has not kept or controlled the shares managed by Jiwasraya.

Hotman Paris said that since the beginning SAM management had always tried to communicate with Jiwasraya management to immediately withdraw the remaining managed funds in SAM. However, it did not get an adequate response.

"Until finally the remaining managed funds were blocked by the Attorney General's Office," he explained.

According to Hotman, SAM as one of the Sinar Mas Financial Services business units also prioritizes the best service for customers who are investing or planning to invest through SAM.

Previously, Attorney General Sanitiar Burhanuddin asked mutual fund investors not to worry after 13 investment managers (MI) were named as suspects in the alleged corruption case that ensnared the state-owned insurance company.

Burhanuddin said that the legal process that was ongoing during the investigation of the dozens of MI corporations was only related to the management of mutual funds and investments from Jiwasraya.

Furthermore, he explained, each mutual fund portfolio managed by the corporation is broadly separated from one product to another. Thus, it does not mean that the company is caught in the Jiwasraya case affecting other mutual fund products.

For information, here are 13 investment manager corporations that have been named as suspects:

1. DMI (PT Danawibawa Investment Management or Pan Arkadia Capital)

2. OMI (PT OSO Investment Management)

3. PPI (PT Pinacle Persada Investasi)

4. MD (PT Milenium Danatama)

5. PAM (PT Prospera Aset Manajemen)

6. MNCAM (PT MNC Aset Manajemen)

7. MAM (PT Maybank Aset Manajemen)

8. GC (PT GAP Capital)

9. JCAM (PT Jasa Capital Aset Manajemen)

10. PA (PT Pool Advista)

11. CC (PT Corfina Capital)

12. TII (PT Trizervan Investama Indonesia)

13. SAM (PT Sinarmas Aset Manajemen)