Prabowo Will Withdraw State Assets From Private, Commission III Of The DPR Asks KPK-AGO To Focus On Asset Recovery

JAKARTA - Member of Commission III of the DPR RI, Abdullah supports President Prabowo Subianto's move to withdraw state assets controlled by the private sector. Abdullah also asked the Corruption Eradication Commission (KPK), the Attorney General's Office, and PPATK to immediately carry out asset recovery.

According to Abdullah, the control of state assets by the private sector can be categorized as a criminal act if it is carried out illegally or not in accordance with applicable legal provisions.

"President Prabowo's statement that he wants to confiscate private assets obtained from the control of state assets is a breath of fresh air for law enforcement in Indonesia. It should be an entry point for law enforcers or state officials who have the authority to immediately follow up," Abdullah said, Monday, May 5.

"If the way to obtain it by abuse of authority, gratification, and nepotism is called corruption. However, if the method of taking without legal authority is called theft, and if it is done by hiding or falsifying information about state assets, it is called embezzlement," he continued.

Abdullah considered that the right method to retrieve state assets controlled by the private sector was to carry out asset recovery. Asset recovery is the process of returning lost or illegally controlled assets, including state assets controlled by the private sector through criminal acts such as corruption, money laundering, or abuse of authority.

Asset recovery has been regulated in several laws and regulations in Indonesia, namely Law Number 8 of 2010 concerning the Prevention and Eradication of the Crime of Money Laundering, Law Number 31 of 1999 concerning Eradication of Criminal Acts of Corruption, and Government Regulation Number 43 of 2016 concerning Procedures for Implementing Asset Recovery

"In the context of asset recovery or takeover of state assets illegally controlled by the private sector, it can be done by confiscation, return, and court," Abdullah explained.

The institutions authorized to carry out asset recovery include the KPK, the Attorney General's Office, and PPATK which have the authority to analyze financial transactions and identify assets. As well as the Ministry of Finance which has the authority to manage state assets.

Abdullah said the purpose of asset recovery was to return lost or illegally controlled state assets. As well as to provide a deterrent effect to those who commit crimes.

"Asset recovery can also help increase transparency and accountability in the management of state assets," said the legislator from the Central Java VI electoral district.

For example, Abdullah continued, United States. According to him, the US is an example of the country's success in providing asset recovery for the control of state assets by the private sector. The US strictly carries out asset tracing and asset recovery. Assets obtained are then stored and managed by professional asset management institutions, both from government and private institutions.

Abdullah revealed, through the KPK, Indonesia has succeeded in recovering assets with an equivalent value of IDR 4.2 trillion from 2014 to July 2024. In the 2020-2024 period, the KPK also returned state losses through looted goods auctioned for a total of IDR 113.7 billion.

"It is undeniable, actually Indonesia has also carried out asset recovery, it's just that when compared to data on the control of state assets by the private sector, it still needs to be encouraged again," Abdullah said.