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Manulife Indonesia states employee safety is top priority Jakarta – PT Asuransi Jiwa Manulife Indonesia (AJMI) has been forced to close its offices, effective today at 5 p.m. (June 21, 2002). Under pressure from a public announcement made today in a local newspaper by Kalisutan – appointed curator by PT Dharmala Sakti Sejahtera (DSS) following a bankruptcy ruling against AJMI last week – Manulife Indonesia has made the important decision to close its offices temporarily. This is in the best interest of its 4,000 employees and 400,000 Indonesian customers and despite the fact that the company has made a petition to replace the curator because he does not have the proper credentials. “Without question, our number one priority is the safety and well-being of our employees,” said Mr. Victor Apps, President Kamisaris (Chairman) of Manulife Indonesia. “We have essentially been threatened by the curator to close our offices or our employees will be arrested. We will not be in a position of jeopardizing the safety of our people. Hopefully, we’ll be permitted to reopen as early as Monday, following approval by the Supervisory Judge.” A request has been filed to the Supervisory Judge of the Central Jakarta Commercial Court to replace Kalisutan, based on mounting evidence that he is not an independent and legal curator who will act in the best interest of AJMI stakeholders. AJMI has asked that it operate as normal while this process goes through the required legal channels. “In the face of all these challenges we remain confident that we will receive legal certainty and justice in Indonesia,” added Mr. Apps. “The actions being taken against Manulife are not representative of Indonesian values or the Indonesian sense of fairness. Manulife Financial remains committed to this country, our customers, and our employees.” “We have already appealed to the Supreme Court of Indonesia and are confident justice will prevail,” concluded Mr. Apps. - 30 - For further information, please contact: Edwin Pieroelie / Debbie Wibowo Indo Pacific on behalf of Manulife Financial Ph: 62-816-1810-872 |
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