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KPK to auction off confiscated assets on Friday

Ni Nyoman Wira
Ni Nyoman Wira

The Jakarta Post

Jakarta | Wed, September 20, 2017 | 10:30 am
KPK to auction off confiscated assets on Friday

The auction is open to the public, but participants must first register at the Finance Ministry’s directorate general of state assets (DJKN) website to get an activation code and a catalogue. (Shutterstock/File)

The Corruption Eradication Commission (KPK) is scheduled to hold an auction of confiscated assets on Friday at the Jakarta Convention Center’s Cendrawasih Room in Central Jakarta.

Most of the items are luxury cars, ranging from a 2004 Isuzu Panther with the reserve price of Rp 28.87 million ($2,177), to a Jaguar XJL with the reserve price of more than Rp 1 billion. However, some of the cars lack a vehicle registration certificate (STNK) and vehicle ownership documents (BPKB).

Another package for sale contains smartphones, a motorcycle and a suitcase.

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The auction is open to the public, but participants must first register at the Finance Ministry’s directorate general of state assets (DJKN) website to receive an activation code and a catalog.

The bidding will be conducted in four sessions, with the first starting at 1.30 p.m.

The KPK sporadically auctions off assets it has seized in the course of various investigations. The antigraft body has previously sold items ranging from land and shop houses to luxury handbags.

Further information about the auction is detailed at the KPK website. (asw)

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