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. The Attorney General’s Office (AGO) decided to seize the company’s assets and as a result, the company was unable to fulfill its obligations to its clients. 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 2023. Soon after, a liquidation team was formed, however, without much communication with the policyholders causing another confusion. The company then faced a lawsuit on Suspension of Debts Payment (PKPU) and another dispute business. This week, a new lawsuit was registered by the policyholders/victims.
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