The investigation and inquisition into corruption in the state-owned insurance company PT Asuransi Jiwasraya (Persero) continues. The first batch of suspects is now standing trial. The trial has revealed details of the scheme. In the meantime, one of the defendants, Benny Tjokrosaputro, is facing multiple lawsuits on Suspension of Debts Payment (PKPU) against him personally and his Companies, including PT Hanson International Tbk (MYRX). Benny escaped the PKPU lawsuit filed against him, but a new lawsuit was filed in July 2020 against PT Armidian Karyatama Tbk (ARMY). The lawsuit was granted in July 2020. ARMY is in the temporary PKPU period. The first meeting of creditors was held on August 6, 2020. To date, ARMY recorded Rp40 billion in debts.
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