The Corruption Eradication Commission (KPK) has uploaded a report on the assets of state administrators (LHKPN) belonging to a number of presidential envoys who were sworn in on October 21, 2024. One of them is Setiawan Ichlas, who is the Presidential Special Envoy for Economics and Banking.

Reporting from the e-LHKPN page, Setiawan conveyed his wealth on January 18. This is the first report he did after being inaugurated.

In the report, it was stated that Setiawan had assets worth IDR 1,522,638,397,485. However, he owed IDR 3,873,002,537 so that his wealth was reduced to IDR 1,518,765,394,948.

Setiawan recorded ownership of 33 lands and buildings with a value of Rp336,210,640,000. Locations are spread across various areas such as Palembang, South Jakarta, South Tangerang, Badung, Muara Enim, Batu City, and Lubuklinggau City.

In addition, he recorded ownership of seven cars and a motorcycle. The details are Mercedes G53 in 2019 worth IDR 2 billion; Mercedes MBACH 560 in 2020 worth IDR 5.5 billion; Toyota Fortuner 2.4 VRZ in 2019 worth IDR 380 million; Landrover Defender 2.0 L AT in 2020 worth IDR 3 billion; Mercedes Benz MYBACH GLS600 in 2021 worth IDR 7,250,000,000; Mercedes Benz M-AMG63 in 2019 worth IDR 6.5 billion; and Piagio MP3 in 2020 worth IDR 50 million.

Setiawan also has other movable assets worth IDR 17,427,653,316; securities with a value of IDR 820,602,383,188; cash and cash equivalents worth IDR 132,221,540,906; and other assets IDR 191,116,180,075.

Setiawan's assets beat Raffi Farid Ahmad or Raffi Ahmad's wealth, who served as Special Envoy for the President for the Development of the Young Generation and Art Workers. The artist is known to have assets worth IDR 1,033,996,390,568.

Quoted from the LHKPN, Raffi actually has assets of IDR 1,170,051,703,242. This amount is reduced because he has a debt of IDR 136,055,312,674.

It is the first time Raffi has submitted his wealth report because he has just become a state administrator. He handed it over to the KPK on December 27.

In the report, Raffi is recorded as owning 45 land and land and building assets. All of them are said to belong to themselves with a value of IDR 737,156,974,400.

These assets are located in the areas of Tangerang, Depok, Makassar, South Jakarta, Depok, Tabanan, and West Bandung. In the last location, there were 28 lands with various areas.

Then Raffi also recorded ownership of four-wheeled and two-wheeled vehicles worth IDR 55,144,500,000. The details for four-wheeled vehicles are Rolls Royce Phantom in 2022 with a value of IDR 14 billion; Toyota Alphard in 2019 worth IDR 1,350,000,000; Morgan Plus Six in 2021 with a value of IDR 3,600,000,000; 1979 Mini Cooper Morris worth IDR 500 million; and 2022 Ferrari F8 Spider with a value of IDR 14 billion.

Next he also owns the 2013 Lamborghini Aventlp 700 worth IDR 9 billion; the 2022 Mini Cooper S worth IDR 875 million; Dodge SRT Hellcat in 2022 with a value of IDR 4.5 billion; and the 1973 Porsche Bettle worth IDR 2.2 billion.

Then Raffi also recorded ownership of BMW 318 in 1990 worth IDR 40 million; Toyota Inova Zenix in 2023 worth IDR 620 million; and Volkswagen 1500 in 1967 worth IDR 500 million.

As for the two wheels, Raffi recorded ownership of the 2010 Harley Davidson FXCWC worth IDR 427.5 million; Piaggio GTV 250 of 2009 worth IDR 171 million; Soib Naked Bikek 400 of 2015 worth IDR 81 million; Ducati Superbike 848 of 2011 worth IDR 225 million; and 2012 Ducati Diavel worth IDR 270 million.

It didn't stop there, there was also the 2021 Piaggio Vespa 946 worth IDR 427.5 million; 2016 KTM 1290 Super Duke worth IDR 328.5 million; Vespa Sprint S150 in 2022 worth IDR 54 million; the 2016 Triumph Bonneville T100 worth IDR 360 million; and the 2021 BMW M1000 RR worth IDR 1.6 billion.

Furthermore, Raffi recorded ownership of other movable assets worth IDR 46,757,711,000; securities worth IDR 307,933,603,344; cash and cash equivalents worth IDR 17,757,005,113; and other assets worth IDR 5,301,909,385.


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