JAKARTA. PT Pool Advista Indonesia Tbk (POOL) today confirmed that one of its subsidiaries, PT Pool Advista Asset Management (PAAM), was a suspect in the alleged corruption of PT Asuransi Jiwasraya (Persero) which caused a loss of Rp 12 trillion.
Marhaendra, Director of POOL, conveyed this through a clarification letter posted on the Indonesia Stock Exchange (IDX) website this afternoon. "PA (Pool Advista) in question is not POOL, but PAAM which is a subsidiary of the company," Mahendra said.
Previously, the Attorney General's Office has announced 14 new names that have become suspects in the Jiwasraya case. These 14 names consist of 13 corporate suspects and 1 individual suspect. One of them is PAAM.
As mentioned by Marhaendra, PAAM is a subsidiary of POOL which was established with an authorized capital of Rp 260 billion. The company, which has held a license as an investment manager since 2009, has 18 mutual fund products with a net asset value of Rp 741.55 billion. (KR/AR)