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Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) revoke the business license of PT Reliance Asset Management and PT Jakarta Investment found to have violated the Law on Capital Markets, the management of funds related to the employment contract PT Asuransi Kredit Indonesian (Askrindo).
In a press release dated 19 September 2011 mentions that the violation relating to the governance of MI is, not voting for directors, have no risk management strategy, and has no employees who carry out the functions of compliance, and risk management. (hukumonline.com 20 September 2011)
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