Sritex Boss Demanded 16 Years in Prison and Rp1 Billion Fine

Defendants in the alleged corruption case regarding credit disbursement to PT Sritex, Iwan Setiawan Lukminto (left) and Iwan Kurniawan Lukminto (right), prepared to attend the prosecution’s demand hearing at the Semarang Corruption Court, Central Java, on Monday (20/4/2026). The prosecutors demanded that former Chief Commissioner of PT Sritex Iwan Setiawan Lukminto and former President Director of PT Sritex Iwan Kurniawan Lukminto each receive 16 years in prison, a fine of Rp1 billion, and an obligation to pay restitution to the state of Rp677 billion each, as they are deemed to have committed corruption and money laundering offences (TPPU) resulting in state losses of Rp1.3 trillion. REPUBLIKA.CO.ID, JAKARTA – Defendants in the alleged corruption case regarding credit disbursement to PT Sritex, Iwan Kurniawan Lukminto and Iwan Setiawan Lukminto, attended the prosecution’s demand hearing at the Semarang Corruption Court, Central Java, on Monday (20/4/2026). The prosecutors demanded that former Chief Commissioner of PT Sritex Iwan Setiawan Lukminto and former President Director of PT Sritex Iwan Kurniawan Lukminto each receive 16 years in prison, a fine of Rp1 billion, and an obligation to pay restitution to the state of Rp677 billion each, as they are deemed to have committed corruption and money laundering offences (TPPU) resulting in state losses of Rp1.3 trillion.