KPK chairman Agus Rahardjo said the absence of clear guidelines on the management of assets had often triggered problems for the antigraft body.

"The purpose of this coordinating meeting is to set a common understanding on the importance of a good management of confiscated assets to optimize their value," he said, referring to a three-day meeting on asset management, which started on Monday. Representatives of the Finance Ministry, AGO and other government institutions attended the meeting.

Agus further explained assets confiscated from corruption cases, in which their legal processes were not yet final and legally binding or "inkracht", could not be auctioned. That was why such assets could potentially lose a lot of value.

He said his commission currently needed a lot of funds to cover maintenance costs of confiscated assets, such as luxurious cars, hospitals and gas stations, while its budget allocated to handle such matters was relatively small.

Finance Minister Sri Mulyani suggested that the auction process of confiscated assets should be done as early as possible so that the money earned could be used to cover maintenance costs of the assets while waiting for court rulings on the cases of their owners. (fac/ebf)

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