Indonesian Political, Business & Finance News

Corruption Case over Sritex Credit Grant: Former Bank Jateng CEO Acquitted

| Source: VIVA Translated from Indonesian | Legal
Corruption Case over Sritex Credit Grant: Former Bank Jateng CEO Acquitted
Image: VIVA

Semarang, VIVA – The Semarang Corruption Court sentenced former Bank Jateng CEO Supriyatno to acquittal in the alleged corruption case involving the provision of credit facilities to PT Sritex, which harmed the regional government-owned bank by approximately Rp 502 billion.

“Declaring the defendant not proven guilty of the prosecutor’s charges in their entirety. Ordering the defendant to be released immediately after this verdict is pronounced,” said Chief Judge Rommel Franciskus Tampubolon during the trial in Semarang on Thursday evening.

In the verdict, the panel of judges examined the public prosecutor’s charges, structured subsidiarily, namely violations of Article 603 of the Criminal Code on corruption crimes or Article 3 of Law No. 31 of 1999 as amended.

According to the judge, during the trial, the defendant was not proven to have intervened to split PT Sritex’s credit application into two.

Furthermore, he continued, the defendant was also not proven to have pressured the credit analysis team or the Bank Jateng Compliance Division in that credit application.

“The credit application was analysed in stages and recommendations were sought from the compliance division,” he said.

According to him, the defendant was not proven to have intervened and there was no conflict of interest in deciding on PT Sritex’s credit.

Thus, according to him, the defendant was not proven to have abused his authority or position in that credit application.

He stated that PT Sritex’s inability to repay the credit was due to planned manipulation of financial reports.

This condition, he continued, is not the responsibility of the defendant, but of those who engineered the financial reports.

In the case, the defendant Supriyatno was demanded a 10-year prison sentence by the public prosecutor.

Regarding the verdict, the judge gave the public prosecutor the opportunity to pursue further legal remedies.

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