It has been two years since the life insurance company PT Asuransi Jiwa Bumi Asih Jaya (AJBAJ) started their dispute with the Financial Services Authority (OJK) in court. The Company was deemed bankrupt by August 2015, but rejected the decision and fought to the stage of Reconsideration. After that, there has been no news on the legal disputes until on November 24, 2017, when the Central Jakarta District Court registered a new lawsuit filed by the Company against the OJK. This time, the Company wants the court to affirm their opinion that OJK’s lawsuit filed back in 2015 was an unlawful act. What interesting from the case is that the owner of the Company was arrested by the Jakarta Metropolitan Police on September 2017. The case also has been developed to several other criminal cases including the case of alleged money laundering examined by the Riau Islands Prosecutor’s Offices.To subscribe please click here