JAKARTA. The Investment Alert Task Force of the Financial Services Authority (OJK) asked the management of PT Hanson International Tbk (MYRX), a property company, to return all funds previously raised to be invested in the company.
The refund will be made in instalments, considering the condition of the company.
Head of the task force, Tongam L. Tobing, said Hanson International was overseen by the OJK, and OJK had been imposing sanctions to the company. "The activity [fundraising at Hanson] violates the provisions, because it does not have the license for it," Tongam said at a joint press conference with the Criminal Investigation Agency and the Ministry of Communication and Information, Jalan Lapangan Banteng Timur on Thursday (31/10).
Tongam also stressed that MYRX, controlled by Benny Tjokrosaputro, had to return the funds. Regarding its return to investors, Tongam said it still needs to be explored.
MYRX's financial report stated that as of September 2019, Hanson's cash and cash equivalent was at the position of Rp 221 billion, down from the figure in December 2018 which was Rp 274.24 billion. Its liabilities rose from Rp 3.70 trillion in December 2018 to Rp 4.40 trillion. The company's total asset value rose from Rp 11.63 trillion in December 2018 to Rp 12.90 trillion. (AM/AR)