Amrullah, Rinaldy and Maroni, Maroni and Ruben Achmad, Ruben Achmad and Heni Siswanto, Heni Siswanto and Maya Shafira, Maya Shafira (2021) The Corruption in Indonesia: The Importance of Asset Recovery in Restoring State Finances. journal of legal, ethical and regulatory issues, 24 (7). ISSN 1544-0044

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Corruption is the most phenomenal crimes in Indonesia, has brought severe state finances loss and hinders economy development. Based on the monitoring conducted by the Indonesia Corruption Watch (ICW), during 2019, the state financial loss reached the amount of IDR 2,002,548,977,762. One of the efforts can be measured in minimizing impact of corruption act is executing asset recovery through freezing, seizing and confiscation towards the corruptors. Therefore, this research aims to discuss the importance of asset recovery in restoring state finances loss. This research uses a normative legal research with secondary data approach. The result of the research shows that the asset recovery has not been implemented effectively. According to data on 2015, asset recovery was only reached 15, 9 trillion rupiahs, or only 10, 4% of the corrupted amount. This ineffectiveness occurs due to criminalization legal system which prioritizes the conviction of perpetrators instead of ensuring state finance recovery. Another factor was the lack of implementation of Indonesian regulations in its effort to prevent, adjudicate, and minimize the number of corruptions in Indonesia.

Item Type: Article
Subjects: K Law > K Law (General)
Divisions: Fakultas Hukum (FH) > Prodi Ilmu Hukum
Date Deposited: 07 Nov 2021 02:08
Last Modified: 07 Nov 2021 02:08

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