The fugitive Pietruschka is still intervening in the Wanaartha liquidation process

Jakarta, CNBC Indonesia – PT Asuransi Jiwa Adisarana Wanaartha (Wanaartha Life) Liquidation Team held a meeting with the Financial Services Authority (OJK) on Tuesday (9/5/2023).

In this meeting, the OJK requested that the liquidation process proceed according to a predetermined time. Patra M Zen as Attorney for Harvardy M. Iqbal, Head of the Liquidation Team for PT Asuransi Jiwa Adisarana Wanaartha hopes that this can be realized soon, amid pressure from the Controlling Shareholders (PSP).

“Shareholders often still regulate the actions taken and will be carried out by the Liquidation Team in handling the liquidation process,” said Patra, in a written statement.

According to him, the differences of opinion that emerged included the appointment of a Public Accounting Firm (KAP) to audit the closing balance sheet. In fact, the duties and functions of the Liquidation Team have been clearly regulated in POJK 28/2015 concerning the liquidation of insurance companies, which is supervised by the OJK.

In principle, the Liquidation Team wants the liquidation process to run quickly according to the timeline and according to POJK 28/2015 corridors. So that Warnaartha Life customers can be certain of the results of calculating assets for settlement.

Based on Article 18 of POJK 28/2015, if there is a conflict of interest between Shareholders and policyholders, the Liquidation Team must prioritize the interests of policyholders.

Until the deadline for registration, the Liquidation Team had received invoices from a total of 12,640 creditors consisting of several categories namely, 12,577 policyholders with 26,285 policies, 53 employees; and 10 Other Creditors.

Previously, the liquidation team had submitted a KAP candidate to the shareholders because this appointment had to be approved by the shareholders beforehand.

Keep in mind, the controlling shareholder of Wanaartha Life is PT Fadent Consolidated Companies. This company is owned by husband and wife Evelina Larasati Fadil and Manfred Armin Pietruschka who are now fugitives from the international police.

“The appointment of the KAP is according to the work plan no later than April, which must be approved in advance by the Shareholders (PS). The Liquidation Team has submitted the candidates to PS for approval,” said the Head of the Harvardy Liquidation Team M. Iqbal when confirmed by CNBC Indonesia, Monday, (17/4/2023).

The approval of the parties on the wanted list (DPO) is required, because it has been stated in the Work Plan and Budget (RKAB) agreement that has been approved by the Liquidation Team, Shareholders and OJK.

“The RKAB has been submitted since January 2023, there have been several responses from the OJK and revisions from TL. After discussing it with PS and his attorneys,” said Harvardy.

Harvardy detailed, the Liquidation Team submitted the RKAB which had been approved by Shareholders to OJK on March 10, 2023. Then, the RKAB was approved by OJK on April 3, 2023.

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