Two Sritex executives, Chairman Iwan Setiawan Lukminto and CEO Iwan\nKurniawan Lukminto, have been demanded 16 years in prison in a case of\nalleged corruption involving credit facilities that have dragged down\nthe now-bankrupt textile company.<\/p>\n
Public Prosecutor Fajar Santoso also demanded a criminal fine of Rp1\nbillion for each defendant. If the fine is not paid, it will be replaced\nwith imprisonment for 190 days.<\/p>\n
In the indictment, the prosecutor stated that both defendants were\nproven to have committed the criminal act of corruption as well as money\nlaundering.<\/p>\n
\u201cTo declare the defendants guilty of violating Article 603 of Law\nNo.\u00a01 of 2023 and Article 3 of Law No.\u00a08 of 2010 on the Prevention and\nEradication of Money Laundering Crimes,\u201d he said at the trial in the\nSemarang Corruption Court, on Monday (20\/4).<\/p>\n
The prosecutor explained that the defendants applied for loans from\nthree regional government-owned banks using financial reports that did\nnot match the data in the Financial Information Service System (SLIK) of\nthe Financial Services Authority (OJK).<\/p>\n
In the demand, Iwan Setiawan Lukminto is named as the main\nperpetrator in the case that caused state losses of around Rp1.3\ntrillion.<\/p>\n
\u201cThe state losses are real and cannot be recovered because PT Sritex\nhas been declared bankrupt and does not have sufficient assets,\u201d he said\nat the trial chaired by Chief Judge Rommel Franciskus Tampubolon.<\/p>\n
The prosecutor also assessed that the actions of the defendants had a\nbroad impact on the regional economy. In terms of the money laundering\ncrime (TPPU), both are said to have disguised the proceeds of crime by\nentering them into the company\u2019s operational accounts so that they\nappeared as legitimate income.<\/p>\n
In addition, the funds from the criminal act were also used to\npurchase various assets, such as land, houses, apartments, and\nvehicles.<\/p>\n
In its considerations, the prosecutor assessed that the actions of\nthe defendants caused significant state losses.<\/p>\n
\u201cThe defendants do not feel guilty and do not regret their actions,\u201d\nhe said.<\/p>\n
The prosecutor also requested that the panel of judges impose\nadditional penalties in the form of payment of replacement money for\nstate losses of Rp677 billion each. If not paid, the penalty will be\nreplaced with 8 years\u2019 imprisonment.<\/p>\n
In response to the demand, Chief Judge Rommel Franciskus Tampubolon\ngave both defendants the opportunity to submit their defence at the next\nhearing.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/two-sritex-executives-demanded-16-year-prison-sentences-in-credit-corruption-case-1776689459", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }