Tag: BPK

Robbing Military/Police Insurance Firm Asabri (2)

PT Harvest Time, indirect subsidiary of Hanson Internasional (MYRX), has reportedly decided to postpone the initial public offering (IPO) because of lawsuits filed by some companies regarding land bank of the property company. Investors, however, shall thoroughly learn from the company’s past relationship with Asabri, a state insurance firm for military and police officers. Asabri’s investment in Harvest Time is a perfect example of how some people robbing the insurance firm.

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Scrutinizing Pension Funds of SOEs (2)

PT Harvest Time, subsidiary of Hanson International (MYRX), expects to get Rp500 billion from initial public offering (IPO) of up to 15% shares. The stock is valued significantly lower than the amount of money invested by Asabri, a state-owned insurance company for military and police officers.

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On the BPK Graft Case

The trial of the two Auditors of the Supreme Audit Agency (BPK) who allegedly received bribes from officials of the Ministry of Villages, Development of Disadvantaged Regions, and Transmigration (Kemendes) continues. The first hearing was held on October 18, 2017, and to this day the Court is still listening to account of witnesses.

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