Over two years ago, in light of the corruption scandal in PT Asuransi Jiwasraya, the public learned about a different problem in PT Asuransi Jiwa Adisarana Wanaartha, also known as WanaArtha Life. Initially, the company objected to the Attorney General’s Office (AGO) decision which seized their assets in the case. As a result, the company cannot fulfill its obligations to its clients. However, the case would actually be the beginning of revelation of other crimes committed by WanaArtha officials. In addition to a criminal investigation initiated by the police, the company operating license has finally been annulled by the Financial Service Authority (OJK) in December 2022. The fall of the company resulted in many victims, including PT Vale Indonesia Tbk (INCO). In early 2023, Vale filed a lawsuit against several parties related to Wanaartha Life, this lawsuit was dropped shortly thereafter. Last week, a similar lawsuit was filed again.To subscribe please click here
