The Attorney General's Office Calls That Giving 2 Banks Loans To Sritex Is Not In Accordance With The Rules, The Money Is Used By The Former Director Of Debt Payment

JAKARTA - The Attorney General's Office (AGO) said that the granting of credit by PT Bank Pembangunan Daerah Jawa Barat and Banten (BJB) and PT Bank DKI to PT Sri Rejeki Isman (Sritex) Tbk., was not in accordance with the rules.

The Director of Investigation at the Deputy Attorney General for Special Crimes (Jampidsus) at the AGO, Abdul Qohar, explained the disclosure of this act when investigators examined PT Sritex Tbk's financial report.

In 2021, the company reported a loss of US$1.08 billion or equivalent to Rp15.66 trillion.

In fact, in 2020, PT Sritex still recorded a profit of 85.32 million US dollars or equivalent to Rp1.24 trillion.

"This is an oddity. In one year there has been a very significant gain. Then, the following year also suffered a very significant loss," Qohar said as quoted by ANTARA, Tuesday, May 21.

Investigators then found that the fact that PT Sritex and its subsidiaries had loans with total outstanding (unpaid collections) until October 2024 amounted to Rp3,588,650,808,028.57 to Bank Jateng, Bank BJB, Bank DKI, and Syndicate (Bank BNI, Bank BRI, and LPEI).

As for PT Bank BJB and PT Bank DKI itself, PT Sritex received a total credit of IDR 692,987,592,188.00.

Qohar said that in granting the credit, the suspect ZM (Zainuddin Mappa) as the President Director of PT Bank DKI 2020 and DS (Dicky Syahbandinata) as the Head of the Corporate and Commercial Division of PT BJB 2020 had provided credit against the law because they did not carry out adequate analysis.

One of them is the failure of working capital credit requirements because the results of the rating agency Fitch and Moody's stated that PT Sritex Tbk only received the BB- predicate or had a higher risk of default, "he said.

According to Qohar, credit should be given to companies or debtors with rank A.

Therefore, the provision of credit also contradicts the provisions of bank standard operating procedures (SOP) and Law Number 10 of 1998 concerning Banking as well as related to the application of prudential principles.

Qohar revealed that the credit funds from the two banks were not used properly by the suspect ISL (Iwan Setiawan Lukminto) as President Director of PT Sritex Tbk in 2005 '2022.

The credit grant, he said, should be aimed at working capital. However, by ISL it is misused to pay debts and buy non-productive assets.

Loans provided by PT BJB and PT Bank DKI are currently stuck with collectibility status 5 and the company's assets cannot be executed to cover the value of state losses because the value is smaller.

In the end, PT Sritex Tbk was declared bankrupt by the Semarang Commercial Court.

As a result of this unlawful act, the state suffered a financial loss of Rp.692,987,592,188.00 of the total outstanding value or unpaid bill of Rp. 3,588,650,880,028.57.

The three suspects were charged with Article (1) or Article 3 in conjunction with Article 18 of Law Number 31 of 1999 concerning Eradication of Criminal Acts of Corruption as amended by Law Number 20 of 2001 jo. Article 55 paragraph (1) of the 1st Criminal Code.