AGO: Sritex President Director Iwan Kurniawan Signs Conditioned Credit

President Director Iwan Kurniawan Luminto (IKL) was escorted by officers to the detention car at the Jampidsus Building of the Attorney General's Office, Jakarta, Wednesday (13/8/2025). (ANTARA/Nadia Putri Rahmani)

JAKARTA - The Attorney General's Office (AGO) said that the former Deputy President Director of PT Sritex Tbk Iwan Kurniawan Lukminto (IKL) played a role in signing a letter of credit by the regional bank to the company that had been conditioned.

This was conveyed by the Director of Investigation at the Deputy Attorney General for Special Crimes (Jampidsus) at the Attorney General's Office, Nurcahyo Jukung Madyo, after announcing the determination of Iwan Kurniawan as the 12th suspect in the alleged corruption case in the granting of credit by PT Bank BJB, PT Bank DKI, and PT Bank Jateng to PT Sritex Tbk and its subsidiary.

"The suspect signed a working capital loan and investment letter on behalf of PT Sritex Tbk to Bank Jateng in 2019 which was conditioned so that the application for working capital and investment loans could be terminated by the President Director of Bank Jateng," he said as quoted by ANTARA, Wednesday, August 13.

The president director of PT Sritex also signed a credit agreement deed with Bank BJB in 2020, which realized that its designation was not in accordance with the signed credit agreement deed.

Finally, Iwan signed several applications for disbursement or credit withdrawals to Bank BJB in 2020 by attaching evidence of invoices or invoices that were allegedly fictitious.

Nurcahyo said the state's financial losses due to this case were estimated at IDR 1,088,650,808,028.00.

"Currently in the process of calculating the Indonesian Financial Audit Agency (BPK)," he said.

The article alleged against Iwan is Article 2 paragraph (1) or Article 3 in conjunction with Article 18 of Law (UU) Number 31 of 1999 as amended by Law Number 20 of 2001 concerning Amendments to Law Number 31 1999 concerning Eradication of Criminal Acts of Corruption jo. Article 55 paragraph (1) 1st of the Criminal Code.

Iwan will be detained at the Salemba Rutan, South Jakarta District Attorney's Branch for the next 20 days.

With the appointment of one new suspect, investigators have named 12 suspects in this credit case.

Previously, the AGO named 11 suspects in this case, namely DS (Dicky Syahbandinata) as the Head of the Corporate and Commercial Division of PT Bank BJB in 2020, ZM (Zaiddin Mappa) as the President Director of PT Bank DKI in 2020, and ISL (Iwan Setiawan Lukminto) as the President Director of PT Sritex in 2005 '2022.

Then, AMS (Allan Moran Severino) as Finance Director of PT Sritex for the 2006 period 2023, BFW (Bay Farid Wazadi) as Director of MSME Loans concurrently Director of Bank DKI 20192022, PS (Pramono Sigit) as Director of Operational Technology of Bank DKI 2015 2021, and YR (Yuddy Renaldi) as President Director of Bank BJB 2019 March 2025.

Then, BR (Benny Riswandi) as Senior Executive Vice President of Bank BJB 2019 2023, SP (Supriyatno) as President Director of Bank Jateng 20142023, PJ (Pujiono) as Director of Corporate and Commercial Business at Bank Jateng 2017 2020, and SD (Suldiarta) as Head of the Corporate and Commercial Business Division of Bank Jateng 20182020.