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

Lakers’ Brandon Ingram misses Clippers game due to shoulder soreness

first_img How athletes protesting the national anthem has evolved over 17 years AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThe Lakers, already using a tighter rotation as they battle depth issues, moved JaVale McGee back into the starting lineup in Ingram’s place. McGee came off the bench in the previous three games.Ingram’s absence creates a considerable hole for the Lakers in the midst of the most brilliant segment of his career. Since the All-Star break, Ingram has averaged 27.8 points (to LeBron James’ 28.5 ppg) while shooting 57 percent from the field. He also averaged the second-most minutes behind James during the previous six games.Stephenson had missed the previous two games after suffering the toe injury last week in a home win over New Orleans. Chandler’s minutes have been limited for the last month with various ailments.WALTON SAYS HE’S IGNORING JOB SECURITY SPECULATIONWith the Lakers’ stumbles out of the All-Star break and their fading playoff hopes, there has been increasing speculation that Walton won’t be back to coach the team next season.Related Articles Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Walton said he handles such reports by ignoring them.“I focus on what’s gonna help our team, what I can do better, where I can put our team in a better place to try to succeed,” he said. “I ask my players to do that, so if I’m asking them to do it, I gotta do the same thing. So I don’t pay attention to that or waste time thinking about it.” LOS ANGELES — The Lakers’ sinking playoff prospects suffered another setback on Monday afternoon, when the team learned Brandon Ingram is struggling with right shoulder soreness.The third-year forward missed Monday’s start against the Clippers – joining teammates Lance Stephenson (toe sprain) and Tyson Chandler (neck stiffness) on the sidelines – after the medical staff became aware of the issue following morning shootaround.Coach Luke Walton said he got a call from team trainer Marco Nunez on his way home from the practice facility. Ingram took the court two hours ahead of tip-off Monday night in an effort to try to warm up, but the Lakers ultimately decided to play it safe.“This is a game that we really could use him,” Walton said. “Knowing Brandon, if he can play, he’ll play. But at the same time, if he can’t do certain things and he’s putting himself in jeopardy of something getting much worse, we gotta have somebody else step up as opposed to him only being out there playing 50 percent.” Lakers practice early hoping to answer all questions center_img Lakers, Clippers schedules set for first round of NBA playoffs The latest report comes from The New York Times, which reported that “prevailing assumption in league coaching circles remains that Walton will almost certainly be dismissed after the season.” Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more