Jakarta, CNBC Indonesia – A number of investors from PT Minna Padi Asset Management (MPAM) again called for their rights to get payments from the investment management company.
The reason is, at this time there has been no progress in the payment of investor funds after the company was last paid more than a year ago.
MPAM Jackson’s investor representative said these customers demanded Minna Padi to be responsible for paying her investment funds as promised starting with the dissolution’s net asset value (NAV).
However, since it was disbanded at the end of 2019, the company has no intention of paying according to its promise.
“Obviously Minna Padi must be responsible according to the agreement with the customer, so not with the principal but according to the agreement for 6 months, 1 year. [Tapi] From the beginning, there was no mention of how many,” Jackson said at a press conference held by MPAM customers, at Hotel Borobudur, Friday (11/6/2021).
He said the number of investors involved from the six Minna Padi mutual funds reached 4,000 people.
“It’s been almost two years, but until now the clarity of the refund of savings from MPAM Victims is still unclear,” wrote the customers.
For this reason, these customers demand that MPAM be responsible for all losses that arise as a result of their mistakes. Then also asked the directors and commissioners of the company to be personally responsible for their negligence in supervising PMAM.
MPAM made the first payment of investor funds last year, amounting to Rp 1.6 trillion out of a total loss of Rp 4.8 trillion from the six mutual funds that were disbanded.
As is known, OJK has dissolved six Minna Padi mutual funds with managed funds of Rp 6 trillion belonging to 6,000 MPAM customers, Rp 4.8 trillion from mutual funds and the rest from stock repos.
The six mutual funds are Amanah Saham Syariah, Hastinaputra Saham, Pringgodani Saham, Pasopati Saham, Properti Plus Saham and Keraton II. The mutual fund was disbanded on November 25, 2019.
In detail, the estimated underpayment in accordance with the NAV (net asset value) of dissolution (assuming the number of units follows November 30/ there have been no sales from November 25, 2019 – November 30, 2019) is a total of Rp. 2.9 trillion for the 6 products. .
The details consist of Amanah Syariah Shares of IDR 128.55 billion, Hastinapura Shares of IDR 545.35 billion, Pringgondani Shares of IDR 1.21 trillion, Pasopati Stocks of IDR 690.17 billion, Property Plus Shares of IDR 141.37 billion, Keraton II of IDR 187, 17 billion, bringing the total to Rp. 2.91 trillion.
In MPAM’s letter to customers on September 30 obtained by CNBC Indonesia and signed by the Director of MPAM, Budi Wihartanto, it was stated that the effective date for the dissolution and liquidation of the Amanah Saham Syariah mutual fund was Wednesday, September 30, 2020.
“MPAM has partially paid off the Participation Unit (PUP) holders by distributing cash from the sale of the Amanah Saham Syariah mutual fund portfolio proportionally on March 11, 2020,” said Budi, in his letter.
Minna Padi’s management did ask for approval from the regulator to run an open auction as a solution to complete the liquidation of 6 mutual funds managed by MPAM.
“We are currently seeking approval from the OJK to carry out an open auction process outside the stock exchange mechanism, namely the sale of shares through a designated independent auction hall,” said Budi, at that time, Tuesday (23/6/2020).
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