Police Arrest Kresna Life Boss Michael Steven in Morocco
The Indonesian National Police’s International Relations Division has arrested Michael Steven, the head of PT Kresna Life, who was a fugitive in a case involving alleged Money Laundering (TPPU) and the embezzlement of customer insurance funds.
Brigadier General Untung Widyatmoko, Secretary of the NCB Hubinter Polri, stated that the individual was apprehended and successfully returned to Indonesia after fleeing to Morocco. He explained that Steven was previously detained by Moroccan authorities on 12 March 2026, following a request from the Indonesian Interpol National Central Bureau (NCB). Subsequently, Indonesia submitted an extradition request through the Ministry of Law and the Ministry of Foreign Affairs to the Kingdom of Morocco.
“The Government of the Kingdom of Morocco subsequently granted the extradition request submitted by the Indonesian Government on 12 June 2026,” he stated in a written briefing on Monday (22/6).
Untung noted that the fugitive, Steven, was officially handed over by the Kingdom of Morocco to the Indonesian National Police’s International Relations Division on Saturday (20/6) and was immediately brought back to Indonesia on Sunday (21/6).
He described the success of this 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 are committed to continuing the hunt and bringing back fugitives who flee overseas to hold them accountable before the law,” he added.
In the fraud case handled by the Special Economic Crimes Directorate of the National Police Criminal Investigation Agency (Bareskrim Polri), there are a total of five suspects, including Michael Steven as the head of Kresna Life.
According to the modus operandi, the perpetrators invested premiums from insurance products—specifically K-Lita (Kresna Link Investa) and PIK (Protecto Investa Kresna)—into affiliated stocks/securities in excess of OJK (Financial Services Authority) regulations. Furthermore, the five suspects failed to notify or report to policyholders regarding investment developments or net asset values, leading to investor losses amounting to approximately Rp337.4 billion.
The suspects are facing charges under Article 103 jo 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/or Articles 3, 4, and 5 of Law Number 8 of 2010 concerning Money Laundering.