SEMARANG - The Semarang Corruption Court, Central Java, sentenced to 14 years in prison to the President Commissioner of PT Sritex Iwan Setiawan Lukminto, the defendant in the alleged corruption case of granting credit facilities for the textile company which caused the state a loss of Rp. 1.3 trillion.
The verdict read by Chief Judge Rommel Franciskus Tampubolon in a hearing in Semarang, Wednesday, May 5, was lighter than the prosecutor's demand for 16 years.
In addition to the body's punishment, the defendant was also sentenced to a fine of Rp. 1 billion which, if not paid, will be replaced with imprisonment for 90 days.
"The defendant is proven to have violated Article 603 of the Criminal Code regarding corruption and Article 607 of the Criminal Code regarding money laundering," he said as reported by ANTARA.
In his consideration, the judge stated that the defendant was proven to have applied for loans to three regional banks using the 2017, 2018 and 2019 financial statements that had been engineered.
He explained that the purpose of the loan to the three banks was to pay bills to PT Sritex suppliers.
However, he continued, PT Sritex made its own billing invoice which was used for loan search.
The credit that had been deposited into the supplier's account, he said, was then withdrawn again into the PT Sritex account with the account name Toko Wijaya.
"The disbursement of loans is not in accordance with the provisions, the invoices used for disbursement were made by PT Sritex itself," he said.
The judge also stated that the defendant together with the President Director of PT Sritex Iwan Kurniawan Lukminto and the Financial Director of PT Sritex Alan Moran Saverino engineered the submission of a deferral of debt payment obligation (PKPU).
The defendant was proven to have committed TPPU because he had diverted, placed, or transferred funds from the disbursement of loans from the three regional government banks in accordance with the provisions.
The funds for the disbursement of the loan, which were returned to the cash of PT Sritex and mixed with the company's legitimate income, were used to buy land, rice fields, buildings, properties, and pay debts.
He said the defendant's actions were a structured act by taking advantage of the big name of Sritex so that it was difficult to detect.
The judge stated that the defendant's actions fell under the category of actions that harmed state finances because placing APBD funds as capital in regional government banks was part of state finances.
In his consideration, the defendant's actions did not support the government's program in eradicating KKN.
"The defendant does not feel guilty, the defendant does not admit his actions, the state's losses are quite large," he said.
In the ruling, the judge also imposed an additional sentence in the form of payment of state compensation in the amount of IDR 677 billion, which if not paid will be replaced with imprisonment for six years.
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