Romys Binekasri, CNBC Indonesia
Market
Monday, 18/09/2023 07:35 WIB
Photo: Michael Steven, owner of Kresna Life Insurance (Doc: Kresna Life)
Jakarta, CNBC Indonesia – PT Indonesia Stock Exchange (BEI) has opened its voice regarding Kresna Group Boss Michael Steven who is officially a suspect in customer failure to pay at the subsidiary PT Kresna Sekuritas. He was reported by 9 customers of PT Asuransi Jiwa Kresna with a loss of IDR 343 billion.
IDX Director of Transaction Supervision and Compliance Kristian Sihar Manullang said that the case experienced by the Kresna group was a case related to the failure to pay several affiliated companies of the Kresna group to their creditors or investors.
“Thus, this case is not a case related to stock transaction behavior on the stock exchange,” he told reporters, quoted Monday (18/9).
Kristian revealed that if there is stock transaction behavior on the stock exchange that leads to transaction manipulation, in accordance with stock exchange procedures, his party has and will continue to carry out supervisory actions to protect investors on the stock exchange.
Until now, said Kristian, as part of its supervisory measures, the stock exchange has placed on a special monitoring board for 1 month, shares that after being opened are suspended until further announcements.
“This aims to ensure that transaction behavior (price volatility) of shares has returned to normal (reasonable) conditions,” he concluded.
For your information, Michael Steven is officially a suspect in customer failure to pay at the subsidiary PT Kresna Sekuritas. Bareskrim Polri also officially held a case to increase Michael’s suspect status, as written in an official statement on Wednesday (13/9/2023).
KREN is owned by PT Kresna Prima Invest and PT Asuransi Jiwa Kresna 5.13% and 13.77% respectively, with Michael listed as the final beneficial holder of the company. Meanwhile, MCAS, which is 8.33% owned by KREN, has 4 final beneficial holders, one of which is Michael Steven through ownership of KREN.
Watch the video below:
Video: Listen to OJK’s disclosures regarding the Kresna Life Liquidation Team!
(mkh/mkh)
2023-09-18 00:35:31
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