In November 2020, PT Asuransi Jiwa Kresna (known as Kresna Life linked to PT Kresna Graha Investama Tbk – KREN) was sued by one of its clients. Within less than a month, the company was forced to restructure its debts in a period of Suspension of Debts Payment (PKPU). The process is ongoing until today, but there is confusion regarding the court decision and the responsibility of the Financial Service Authority (OJK).
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