Independent Auditor Investigates Findings at Askrindo

Investigation by an audit committee formed by Askrindo's board of commissioners of the company’s finance in 2019 found indications that the commission paid to Askrindo Mitra Utama (AMU), a subsidiary which is also an insurance sales agent, was a cover for bribes to the company board of directors. Robertus Bilitea, Chief Executive Officer of Indonesia Financial Group (IFG), a state-owned insurance holding company, answered Tempo’s questions regarding the alleged corruption within one of IFG’s subsidiaries.

Aisha Shaidra

March 8, 2021

OFFICIALLY formed in October 2020, Indonesia Financial Group (IFG), a state-owned insurance and underwriting holding company, is now facing an alleged corruption by one of its subsidiaries, Asuransi Kredit Indonesia or Askrindo. Investigation by an audit committee formed by Askrindo’s board of commissioners of the company’s finance in 2019 found indications that the commission paid to Askrindo Mitra Utama (AMU), a subsidiary which is

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