Bhakti Investama

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PT Bhakti Investama Tbk
Type Public company
Subsidiaries PT Global Mediacom Tbk
PT Global Transport Services
PT MNC Kapital Indonesia Tbk
Website www.bhakti-investama.com

PT Bhakti Investama Tbk (IDX: BHIT) is an Indonesian investment company.

History

Former logo of this company

PT Bhakti Investama Tbk was established in Surabaya on 2nd of November 1989 by Hary Tanoesoedibjo and moved its headquarters to Jakarta in February 1990. In the beginning, the company only focused on capital market related business activities which were previously re-activated by the government through a series of deregulation and facilities with the expectation that the capital market could become one of the backbones for financing the national economic growth. By 1994, the company had grown rapidly in all aspect of capital market activities, ranging from trading and brokerage of marketable securities, investment advisory, investment management, underwriting, origination and syndication, financial advisory and research services. The company has also been trusted by not only domestic investor base but also by international investors covering individuals and institutions such as pension funds, banks, insurance and Fund Management.

In 1995, PT Bhakti Investama Tbk started to expand into mergers and acquisitions and launched a few mutual funds in 1997 managed by the company. In the same year, the Company officially became a public Company and listed its shares on the Jakarta Stock Exchange and Surabaya Stock Exchange (currently “Indonesia Stock Exchange”).

In the aftermath of the Indonesian financial crisis of 1997, the company was able to acquire PT Bimantara Citra, a holding company formerly owned by Indonesian President Suharto's son Bambang Trihatmodjo. Amongst PT Bimantara Citra's holdings include the ownership of RCTI, one of the biggest private television network in Indonesia. With the acquisition of PT Bimantara Citra (later renamed PT Global Mediacom Tbk) ,PT Bhakti Investama Tbk has grown to become the largest investment company throughout Indonesia owning business activities in various lines of business. Numerous subsidiaries are owned which cover a wide array and various business sectors, among others the sectors of Media and Financial Services and Investment Portfolios. Several subsidiaries within PT Bhakti Investama Tbk have also established themselves as public companies.[1]

On June 2012, the company was implicated by the Corruption Eradication Commission KPK in a corruption case after the KPK arrested Tommy Hindratno, a tax official at the Sidoarjo Tax Office, and James Gunarjo, who is believed to be connected with Bhakti Investama, immediately after Tommy reportedly paid Rp 280 million (US$29,680) in bribes to James last week. Tommy allegedly acted as a middleman to ensure reimbursement of Rp 3.4 billion in taxes that the company supposedly had overpaid. Several company officials - directors Darma Putra, Wandhy Wira Riady and financial staffers Maya and Lany, were summonsed. The KPK raided Bhakti Investama’s office in the MNC Tower in Central Jakarta and PT Agis, located in the same building, in which Bhakti Investama owned Agis shares in 2002 and 2004.

Hary Tanoesoedibjo was also questioned by the KPK in connection with the case. He initially refused to go to the KPK office but subsequently answered the questionings by KPK agents.

On 8 June 2012, the immigration office slapped a one-year travel ban on Bhakti Investama independent commissioner Antonius Z. Tonberg, who was also previously a director of Agis.

On 2013, one of its subsidiaries, MNC Land Tbk in cooperation with MD Entertainment built the MD Place in Jalan Setiabudi Selatan No.7, Jakarta Selatan


Directors and Commissioners

Directors

  • Hary Djaja (Group CEO)
  • Darma Putra
  • F. Ali Cendra

Commissioners

  • Hary Tanoesoedibjo (President Commissioner)
  • Nasrudin Sumintapura (Vice President Commissioner)
  • Bambang Rudijanto Tanoesoedibjo
  • Ratna Endang Soelistiowati
  • Hariyanto Tanoesoedibjo
  • Sedia Oetomo
  • Hartono Tanoesoedibjo
  • Posma Lumban Tobing

Subsidiaries

Logo of MNC Asset Management, taken at Prof. Dr. Sedyatmo Toll Road

Banks

  • BII Maybank
  • Permata Bank (Bank MNC Permata)
  • Prima Bank
  • Bank BJB
  • QNB Kesawan

Telecommunications

See also

References

  1. ↑ About Bhakti Investama
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 http://www.bhakti-investama.com/index.php?option=com_content&task=view&id=4&Itemid=19

External links

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