Friday, 14 December 2018 | 16:31 WIB

KPK Seizes IDR 1,116,624,197 from Setya Novanto’s Bank Account

Setya Novanto in trial

JAKARTA, NNC - The Corruption Eradication Commission (KPK) has transferred IDR 1,116,624,197 from Setya Novanto's (Setnov) bank account to KPK. The money is from Setnov's assets as a substitute payment for the E-KTP corruption.

KPK spokesman Febri Diansyah say that the transfer is done as a collateral, in case the former Golkar Party Chairman is unable to pay off the compensation for the e-KTP procurement project corruption. Then his recorded assets will be confiscated by KPK.

The Jakarta Corruption Court has sentenced Setnov to a 15-year imprisonment and a fine of IDR 500 million and an additional criminal compensation amounting IDR 66 billion. So far, Novanto had paid the fine charged.

Febri Diansyah explained that KPK is still asking Novanto to return the money in the form of assets that do not need to be auctioned.

"If a confiscation or auctioning is needed, it will certainly be done. We hope that it does not take too long. Hopefully he will be cooperative," Febri told reporters in Jakarta on Friday, Sept 14.

So far, Novanto has paid the fine in three installments and promised to pay off the fine.

KPK has received replacement money paid off by Setnov amounting IDR 6.1 billion and $100,000. Some of the money will be deposited to recover state loss finance.