Indonesian Political, Business & Finance News

DPR Commission III Proposes Special Body and Supervisory Team to Prevent Seized Assets from 'Evaporating'

| | Source: MEDIA_INDONESIA Translated from Indonesian | Legal
DPR Commission III Proposes Special Body and Supervisory Team to Prevent Seized Assets from 'Evaporating'
Image: MEDIA_INDONESIA

Commission III of the Indonesian House of Representatives (DPR) has stressed the importance of maintaining the quality of substance while accelerating the deliberation of the Asset Forfeiture Bill. This step is considered crucial to ensure the new law becomes an effective and accountable instrument for law enforcement.

Commission III member I Nyoman Parta emphasised that post-seizure governance is a critical point that must be strictly regulated. Drawing on input from legal experts and academics, Nyoman agreed that all proceeds from state confiscations must be managed by a dedicated agency to prevent their value from diminishing.

‘The results of asset forfeiture must be handled by a special body with a dedicated escrow account. Currently, seized assets often evaporate, are incomplete, or are auctioned off at very low prices,’ Nyoman stated after a public hearing at the Nusantara II Building, DPR, Senayan, on Monday.

The legislator from the PDI-Perjuangan faction explained that the absence of a focused management institution has often caused the legal process to fail in maximally recovering state wealth, as well as the property rights of citizens who are victims of criminal acts. Through the establishment of this special body, all seized assets will undergo a thorough verification and utilisation planning process from the outset.

In addition to the management body, Nyoman highlighted the challenge of integrity within law enforcement. He proposed the formation of an independent supervisory team specifically tasked with overseeing procedural compliance throughout the asset forfeiture enforcement chain.

‘Judges already have a supervisory board, as do the Corruption Eradication Commission (KPK) and prosecutors. But specifically for the enforcement of asset forfeiture laws, a special supervisory team is needed,’ Nyoman concluded.

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