Indonesian govt may inject $1 bln into troubled state insurer Jiwasraya

The injection would also complement a separate plan to raise up to 3 trillion rupiah from a stake sale in Jiwasraya's newly formed subsidiary to a strategic investor, the document showed.

State-Owned Enterprises Minister Erick Thohir told reporters separately that business-to-business approach in Jiwasraya's rescue plan will be prioritised, but the firm would also need capital injection by the state. He declined to give more details.

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Meanwhile, opposition politicians have sent a request to parliament speaker to launch an inquiry into the insurer's former management.

A separate investigation by the Attorney General's Office (AGO) into alleged fraud in Jiwasraya is also underway.

The AGO has arrested five people in its investigation into Jiwasraya's management and its equity investment, including executives of other companies who prosecutors alleged had been involved in stock market manipulation, according to media reports.