FINANCIAL Services Authority (OJK) came under tight scrutiny in the midst of default and graft scandals that hit Asuransi Jiwasraya. Many, including the House of Representatives (DPR), put partial blame on the financial regulatory agency for failing to closely supervise the state insurer. The mismanagement is estimated to have caused the state losses of up to Rp17 trillion.

Chairman of OJK’s Board of Commissioners, Wimboh Santoso, 62