Govt to sell Jiwasraya assets, including Jakarta mall, to pay back creditors

first_imgArya added that personal assets from those who allegedly took part in the Asuransi Jiwasraya corruption case would not be available for sale unless there was a court ruling to that effect.“If the suspects lose at the District Court, maybe they will appeal to the Supreme Court, and this process may repeat itself several times,” he said. “It can take two to three years to reach a court ruling.”The government, therefore, had decided to sell Jiwasraya’s assets in advance to repay customers’ claims because a legal decision would take a long time, Arya said.Read also: Jiwasraya’s losses from investing in questionable stocks reach Rp 13tPreviously, the Attorney General’s Office (AGO) seized Rp 13.1 trillion worth of assets from six suspects in the alleged corruption case of PT Asuransi Jiwasraya. The AGO has confiscated jewelry, land certificates, vehicles, coal and gold mines and even captive Arowana fish from the six suspects.The suspects include PT Asuransi Jiwasraya’s former finance director, Harry Prasetyo, its former director, Hendrisman Rahim, and its former investment and finance head, Syahmirwan. (eyc)Topics : The State-Owned Enterprises (SEO) Ministry plans to sell State-owned insurer PT Asuransi Jiwasraya’s assets, including a shopping mall and a collection of mutual funds in an effort to pay clients’ claims.The ministry’s spokesperson Arya Sinulingga said it would start selling the assets once the Jiwasraya taskforce in the legislature agreed to the plan.“We are going to make an insurance holding company, and it can buy Jiwasraya’s office so that the assets stay within SOEs,” he said on Thursday as reported by kompas.com. Cilandak Town Square (Citos), a shopping mall in South Jakarta, is also going to be offered for sale. Arya said that the mall would be sold for between Rp 2 trillion (US$136.2 million) and Rp 3 trillion but that no bidders had yet appeared.Read also: No talks on a bailout for Jiwasraya, audit agency saysHe added that the ministry would prioritize other state-owned enterprises in buying the assets. However, interested state-owned enterprises would need to offer competitive prices as the ministry would not sell the assets below market price.Jiwasraya was investigated for corruption and asset mismanagement after the insurer failed to pay out more than Rp 16 trillion to its customers in matured insurance policies as of January.last_img read more

ORVC Weekly Report (October 2-7)

first_imgORVC Weekly Report (October 2-7)Congratulations to the Southwestern Lady Rebels and the South Ripley Lady Raiders on their ORVC Varsity Volleyball Co-Championships!!Congratulations to the Milan Lady Indians on their ORVC Reserve Volleyball Championship!!Congratulations to the Jac-Cen-Del Eagles on their IHSAA Boys Class A Soccer Sectional Championship!!ORVC Report (October 2-7)Courtesy of ORVC Recorder Travis Calvert.last_img

PRIEST LABELED ‘IGNORANT’ AFTER TELLING PARISHIONERS NOT TO DO YOGA

first_imgA parish priest has been called ‘ignorant’ after telling his parishioners they should not practice yoga.People across Donegal practice yoga against Fr O’Baoill’s wishes.Fr Padraig O’Baoill made his comments in his weekly issue of the Gaoth Dobhair parish newsletter.Fr O’Baoill described yoga and other disciplines such as tai chi and Reiki as “contemptible.” He wrote “As followers of Jesus Christ we should not partake in deeds that go against our religion. Accordingly, you should do not take part in yoga, thai chai or reiki.“Do not put your soul in jeopardy for the sake of these contemptible things.”However a leading local yoga teacher said Fr O’Baoill’s stance and advice to his parishioners was “ignorant.’Sean O Tuathalain, who runs the Yoga Centre in Letterkenny, said he would like to meet with Fr O’Baoill to try to understand why he is urging people not to take part in yoga. “I have to say that this advice appears to me to be coming from a position of ignorance.“However, I think priests in general are skeptical of yoga and Reiki. I can understand where they are coming from but I think they need to find out more about these subjects.“I would like to meet with Fr O’Baoill and to try and understand the reasons why he advised his parishioners not to practice yoga,” he said.Mr O Tuathalain suggested that many people turned to yoga in Ireland after the scandal of clerical sexual abuse emerged.“People turned to yoga in greater numbers following the clerical abuse issue. “I know priests such as Fr O’Baoill may feel that yoga may have Hindu connections.“But people in Ireland do not practice yoga for religious reasons. They practice it to find inner strength and inner peace and many people have done so,” he said.Meanwhile Fr O’Baoill, who is currently in Lourdes, has said he will give reasons for his writings in the parish newsletter when he returns.PRIEST LABELED ‘IGNORANT’ AFTER TELLING PARISHIONERS NOT TO DO YOGA was last modified: July 10th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegalFr Padraig O’BaoillGOATH DOBHAIRYogaYoga Centrelast_img read more