Police Arrest Kresna Life Boss Michael Steven in Morocco

The International Relations Division of the Indonesian National Police (Hubinter Polri) has arrested Michael Steven, the boss of PT Kresna Life, who was a fugitive in a case involving alleged money laundering and embezzlement of customer insurance funds. Secretary of NCB Hubinter Polri, Brigadier General Untung Widyatmoko, stated that Steven was arrested and successfully returned to Indonesia after fleeing to Morocco. He explained that Steven had previously been detained by Moroccan authorities on 12 March 2026 at the request of the NCB Interpol Indonesia Secretariat. Subsequently, an extradition request was submitted by Indonesia through the Ministry of Law and the Ministry of Foreign Affairs to the Kingdom of Morocco. “The Government of the Kingdom of Morocco then granted the extradition request submitted by the Indonesian Government on 12 June 2026,” he said in a written statement on Monday (22/6). Untung stated that the fugitive Steven was formally handed over by the Kingdom of Morocco to Hubinter Polri on Saturday (20/6) and was immediately brought to Indonesia on Sunday (21/6). He described the successful extradition as a demonstration of the National Police’s commitment to strengthening international cooperation and taking firm action against criminals attempting to flee abroad. “The National Police is committed to continuing to hunt down and bring back fugitives who flee abroad to account for their actions before the law,” he said. In the fraud case handled by the Directorate of Special Economic Crimes at Bareskrim Polri, there are a total of five suspects, including Michael Steven as the boss of Kresna Life. Based on the modus operandi, the perpetrators invested premiums from the insurance products K-Lita (Kresna Link Investa) and PIK (Protecto Investa Kresna) in affiliated shares or securities that exceeded the Financial Services Authority (OJK) regulations. Additionally, the five suspects also failed to notify or report to policyholders regarding investment developments or net asset values, causing investor losses amounting to approximately IDR 337.4 billion. In this case, the suspects are charged under Article 103 in conjunction with Article 30 of Law Number 8 of 1995 concerning the Capital Market, and/or Article 378 of the Criminal Code, and/or Article 372 of the Criminal Code, and Articles 3, 4, and 5 of Law Number 8 of 2010 concerning Money Laundering.