PT Bakrie Capital inject IDR500 bllion to PT Asuransi Jiwa Bakrie (Bakrie Life). Bakrie Life will use the fund for settlement obligation of investors
The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) considers unreasonable the solution offered by the management of Bakrie Life to return Diamond Investa investors' main investment fund in installments by 1% per month.
The regulator analyzed the case of Bakrie Life's default was a combination of various factors, such as the management's lack of prudence, possible business violation practices, the current economic condition, and improper handling during the crisis.
Friday, September 25, 2009
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