TEMPO.CO, Jakarta - Investigators from the Attorney General's Office (AGO) questioned the CEO of Sritex, Iwan Kurniawan Lukminto, in a case of alleged corruption in the provision of credit from several banks. Investigators are looking into Iwan Kurniawan's role as he was in the board of directors when the alleged corruption took place.
The Attorney General's Office Spokesperson, Harli Siregar, stated that Iwan Kurniawan played a crucial role in the bankrupt textile manufacturing company. "Did the concerned party, for example, approve or sign off on the credit application process," said Harli at the Attorney General's Office building in South Jakarta on Tuesday, June 3, 2025.
During the questioning held on Monday, June 2, 2025, the investigators delved into Iwan Kurniawan's testimony regarding his role as the Vice CEO of Sritex from 2014-2023. This is because the alleged corruption involving a credit worth Rp 3.5 trillion is suspected to have occurred during that period. Iwan Kurniawan has been serving as the CEO of Sritex since 2023.
"The concerned party also serves as a director in some (subsidiary) entities of Sritex," said Harli.
Prior to this, the Attorney General's Office had named three suspects in this case. They are the Chief Commissioner of PT Sritex Iwan Setiawan Lukminto, the CEO of Bank DKI in 2020, Zainuddin Mappa, and the Head of Corporate and Commercial Division of PT BJB Bank for the 2020 period, Dicky Syahbandinata.
The Director of Investigation of Jampidsus at the Attorney General's Office, Abdul Qohar, stated that Zainuddin and Dicky are suspected of providing credit unlawfully as it was not based on adequate analysis. This is because when the credit application was submitted by PT Sritex, the company's rating was BB, indicating higher risk of default. This was evident in the credit application letter. However, the credit was still approved, even though unsecured credit can only be granted to companies/debtors with an A rating."
This was said to contradict the standard operational procedures of the bank as well as the Republic of Indonesia Law No. 10 of 1998 concerning Banking, while applying the principle of prudence. The prosecutors also mentioned that Iwan Setiawan did not use the disbursed credit for the intended working capital, but instead used it to pay off debts and purchase non-productive assets.
A total of Rp 3.5 trillion in debts is still outstanding for Sritex until October 2024. The breakdown includes Rp 395.6 billion for Bank Jateng, Rp 543.9 billion for BJB Bank, Rp 149 billion for Bank DKI, and the provision of credit from a consortium partnership between BNI Bank, BRI Bank, and LPEI.
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