AGO Probes Corruption in Sritex's Rp3.58 Trillion Bank Credit

4 hours ago 2

TEMPO.CO, Jakarta - The Attorney General's Office (AGO) issued a statement revealing its suspicion of corruption in the issuance of credit by several state-owned banks to textile company PT Sri Rejeki Isman Tbk, commonly known as Sritex. The primary focus of the corruption allegations centers on loans from the West Java and Banten Regional Development Bank (BJB) and Bank DKI.

"Investigators have obtained sufficient evidence that a corruption crime occurred in the provision of credit to Sritex," said Abdul Qohar, Director of Investigations at the Attorney General's Office for Special Crimes, during a press conference on Wednesday night, May 21.

Sritex reportedly still owes Rp543.98 billion to Bank BJB and Rp149.7 billion to Bank DKI. This combined debt of Rp692.98 billion has been calculated as a loss to the state.

"This loss is related to loans PT Sritex received from two banks, Bank DKI Jakarta and Bank BJB," Qohar told reporters.

In addition, Sritex still is still mired in massive debts to other state-owned banks. The company's total outstanding debt is close to Rp3.59 trillion.

"This debt is owed to several government banks, both national state-owned banks and regional government banks," Qohar stated.

In addition to Bank BJB and Bank DKI, other banks that extended credit to Sritex include Bank Jawa Tengah and a bank syndicate comprising Bank BNI, Bank BRI, and LPEI. Sritex still owes Bank Jawa Tengah Rp395.66 billion and the bank syndicate up to Rp2.5 trillion.

Qohar ensured that investigators will probe deeper into possibilities of corruption in the credit issuance by these other banks. "The involvement of the bank syndicate or other regional banks is still under thorough investigation," he said

In this corruption case, the Attorney General's Office has identified three suspects: Sritex's Main Commissioner Iwan Setiawan Lukminto, Bank DKI's President Director in 2020 Zainuddin Mapa, and Bank BJB's Head of the Commercial and Corporate Division in 2020 Dicky Syahbandinata.

The suspects are facing charges under Article 2 Paragraph 1 or Article 3 in conjunction with Article 18 of the Corruption Eradication Law, combined with Article 55 Paragraph 1 of the Criminal Code.

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