More Jamsostek officials entangled in graft: Police
More Jamsostek officials entangled in graft: Police
Eva C. Komandjaja, The Jakarta Post, Jakarta
Police are set to name new suspects in an alleged graft case
involving state-owned insurance firm PT Jamsostek following the
detention of the company's former investment director Andi
Alamsyah.
Deputy chairman of the inter-departmental anti-corruption team
Brig. Gen. Indarto, who is also the fraud squad chief at the
National Police headquarters, said the new suspects would be
revealed in the next coming few days.
"There will be more suspects as we have found enough evidence
to charge them," Indarto said.
He would not say whether the new suspects would come from
Jamsostek's board of directors or the management of companies
where it made investments.
The case revolves around imprudent investments decided by the
management of Jamsostek, which runs social security programs for
workers in the country, which are alleged to have caused more
than Rp 250 billion (US$26.3 million) in losses to the state.
Among the blunders were a Rp 100 billion (US$10.5 million)
investment in bonds issued by the now defunct Bank Global, a Rp
49.2 billion investment in a local company identified by its
initial as PT V, and another investment worth Rp 105.5 billion in
another firm identified as PT SIP.
Indarto said the investigators expected to find more financial
losses resulting from bad investments.
He said Andi was named a suspect because he was held
responsible for the careless investments. The police found
evidence that Andi as the investment director violated several
regulations concerning investment.
"We discovered an analysis report from Jamsostek's investment
research division saying that the state insurance firm should not
invested in Bank Global but he (Andi) ignored it and made the
investment," Indarto said.
According to Presidential Decree No. 28/1996 on Jamsostek
investment, any investment worth over Rp 25 billion needed
approval from the company's president director and finance
director.
"We found that Andi failed to comply with the regulations and
invested workers' money based on his own judgment," Indarto said.
Andi, who began serving his detention on Monday, will be
charged with violating Anticorruption Law No. 31/1999 and will
face a maximum penalty of life sentence if proven guilty.