The Dynamic but Dangerous Duo

PT Jamsostek faces enormous losses because of bad investments. Responsible are the duo of Managing Director and Director of Investment—who acted alone.

August 21, 2001

THE proverb states that it's not a good thing to put all your eggs into one basket. It seems as if investments made by those in charge at PT Jaminan Sosial Tenaga Kerja (or Jamsostek, the Indonesian national insurance company) have certainly followed this to the letter. The proof of this is that the funds from members' contributions managed by Jamsostek have been placed in several baskets.

Unfortunately, it seems that all the baskets chosen f

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