Sritex CEO Barred from Traveling Abroad Amid Corruption Probe

12 hours ago 5

TEMPO.CO, Jakarta - The Attorney General's Office has barred PT Sritex CEO Iwan Kurniawan Lukminto from leaving the country. The travel restriction has been in effect since May 19, 2025, according to Harli Siregar, Head of the Legal Information Center at the Attorney General’s Office, on Saturday, June 7.

Iwan Kurniawan has been questioned in connection with a corruption case involving the disbursement of credit facilities by several banks to Sritex. He is also scheduled for further questioning next week.

The Attorney General’s Office has named three suspects so far: Sritex Chief Commissioner Iwan Setiawan Lukminto, Bank DKI CEO for the 2020 period Zainuddin Mappa, and Head of Corporate and Commercial Division at Bank BJB in 2020, Dicky Syahbandinata.

The investigation focuses on allegations of corruption in credit disbursement to Sritex by Bank BJB, Bank DKI, and Bank Jateng. In addition, prosecutors are examining syndicated loan schemes involving state-owned banks BRI and BNI, along with the Indonesian Export Financing Institution (LPEI).

Several witnesses from BRI and BNI have also been questioned. According to the Attorney General’s Office, Sritex had unresolved problematic credit totaling Rp3.5 trillion as of October 2024. This includes Rp395.6 billion from Bank Jateng, Rp543.9 billion from Bank BJB, Rp149 billion from Bank DKI, and around Rp 2.5 trillion from syndicated loans involving BRI, BNI, and LPEI.

The case remains under active investigation as authorities continue to trace financial irregularities tied to Sritex’s loan facilities.

Editor's Choice: AGO Investigates Sritex CEO Involvement in Credit Corruption Case

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