Duo Bos Sritex Didakwa Korupsi Rp 1,3 T, Dituntut Bayar Pengganti Rp 677 Miliar

Semarang – Two brothers, Iwan Setiawan Lukminto and Iwan Kurniawan Lukminto, the prominent figures behind the PT Sritex textile conglomerate, have been indicted in a sweeping corruption case involving credit facilities, with prosecutors demanding they collectively pay Rp 677 billion in replacement money. The alleged state financial losses stemming from their actions are pegged at a staggering Rp 1.3 trillion.

The indictment was presented by Public Prosecutor (JPU) Fajar Santoso during a corruption court hearing at the Semarang Corruption Court in West Semarang. The proceedings on Monday, April 20, 2026, saw three key defendants brought before the bench: Iwan Setiawan Lukminto, Iwan Kurniawan Lukminto, and Allan Moran Severino, who served as the Finance Director of PT Sritex from 2006 to 2023.

The prosecution asserted that the total financial loss to the state amounts to Rp 1.35 trillion. This figure represents a "real and irrecoverable" loss, a grim reality underscored by the fact that PT Sritex was declared bankrupt on October 21, 2024, and its remaining assets were insufficient to cover its extensive liabilities. The prosecutors detailed that this substantial financial damage originated from the alleged misuse of working capital credit facilities extended by several regional development banks. These findings are reportedly supported by an investigative audit report from the Supreme Audit Agency (BPK).

In light of these alleged transgressions, the prosecution is seeking not only lengthy prison sentences but also the restitution of a significant portion of the state’s losses. The demand for Rp 677 billion in replacement money takes into account assets and funds belonging to the defendants that have already been seized by the prosecution. Should the defendants fail to pay this amount within one month of the court’s verdict becoming legally binding, their assets will be confiscated and auctioned to cover the restitution. In the event that their assets are insufficient, they face an additional eight-year prison sentence.

Staggering Sentences and Hefty Fines Proposed

Beyond the financial penalties, the Public Prosecutor’s Office is pushing for a severe custodial sentence for all three defendants. They are each demanding a 16-year prison term, reduced by any pre-trial detention periods already served, for Iwan Setiawan Lukminto, Iwan Kurniawan Lukminto, and Allan Moran Severino. The prosecution argues that the defendants are demonstrably and unequivocally guilty of committing corruption collectively and on a continuous basis.

"We propose a prison sentence for the defendant Iwan Setiawan for 16 years, less the period of detention," stated the prosecutor. The same rigorous sentence is being sought for Iwan Kurniawan and Allan Moran.

In addition to the lengthy prison sentences, the prosecution is also seeking a substantial fine of Rp 1 billion for each defendant. If this fine is not settled within one month of the court’s final judgment, their assets will again be subject to seizure and auction to satisfy the outstanding debt. Failure to pay the fine will result in an additional 190 days of imprisonment.

Aggravating Factors and Allegations of Unrepentance

During the sentencing arguments, the prosecution highlighted several aggravating factors contributing to their severe recommendations. For Iwan Setiawan Lukminto, the prosecutor emphasized that his actions have undermined the government’s priority of combating corruption. "The aggravating factor is that Iwan Setiawan has caused enormous losses to the state, and the defendant shows no remorse and has not admitted his wrongdoing," the prosecutor elaborated.

Regarding Iwan Kurniawan Lukminto, the prosecution noted that he also allegedly benefited from the illicit gains derived from the corruption scheme.

The legal basis for these charges stems from alleged violations of Article 2 paragraph (1) in conjunction with Article 18 of Law No. 31 of 1999 concerning the Eradication of Corruption Crimes, as amended by Law No. 20 of 2001, and Article 55 of the Criminal Code. Furthermore, the defendants are also charged under Law No. 8 of 2010 concerning the Prevention and Eradication of Money Laundering (TPPU). In response to the prosecution’s demands, all three defendants indicated their intention to submit a defense plea, or pleidoi, in the subsequent hearing.

This case is an extension of previous revelations where the two Sritex bosses were initially indicted for causing state losses of up to Rp 1.35 trillion. Public Prosecutor Fajar Santoso had previously stated that the defendants allegedly committed these acts of corruption in collusion with ten other individuals who are being tried separately.

Defense Contests Prosecution’s Narrative

The legal defense team, represented by lawyer Randy Irawan, has vehemently contested the prosecution’s claims, describing the indictment as a fabrication. Following the prosecutor’s presentation, Irawan expressed strong objections to the panel of judges, asserting that the prosecution’s demands do not accurately reflect the evidence presented during the trial.

"At this moment, we do not see any trial facts being presented. Even the expert testimony from OJK [Financial Services Authority], which was presented by our prosecutor colleagues, was not included," Irawan stated before the judges on April 20, 2026. He expressed confusion over the prosecutor’s indictment, noting its omission of key witness testimonies.

"Everything written here, we will definitely read, but is this the form of a true trial, where trial facts should be paramount as stipulated in Article 184 of the Criminal Procedure Code? This is crucial for our legal certainty, honorable Members of the Panel of Judges," he implored.

Irawan declared that the defense would present its case through a detailed pleidoi in the next hearing. "Whatever is stated here, we strongly protest. Anything presented in these statements will be refuted in our pleidoi," he vowed. "We will prove the contrary: that trial facts are the primary consideration, not writing like a novel," he added, underscoring the defense’s commitment to presenting their version of events.

The panel of judges acknowledged the defense’s position and granted them permission to prepare their pleidoi for the next hearing, scheduled for Monday, April 27. "What has been conveyed there [in the indictment], in our opinion, is like freehand writing," Randy remarked after the court session concluded.

Background and Broader Implications

The case against the Lukminto brothers and Allan Moran Severino shines a spotlight on the potential for widespread financial impropriety within large corporate structures, particularly when access to significant credit facilities is involved. PT Sritex, a venerable name in the Indonesian textile industry with a history spanning decades, has been a significant employer and contributor to the national economy. Its bankruptcy, a consequence of the alleged financial mismanagement and corruption, has sent shockwaves through the industry and the broader business community.

The scale of the alleged fraud, exceeding Rp 1.3 trillion, raises serious questions about corporate governance, oversight mechanisms, and the integrity of financial reporting within such entities. The involvement of multiple regional development banks as lenders suggests a potential systemic issue in the due diligence and risk management processes employed by these financial institutions.

The prosecution’s demand for substantial replacement money, coupled with hefty prison sentences, signals a firm stance against corruption and a desire to recover public funds. The court’s eventual verdict will not only determine the fate of the accused but will also send a strong message about the consequences of financial malfeasance in Indonesia.

The legal battle ahead, with the defense promising to vigorously challenge the prosecution’s narrative based on trial facts, is expected to be closely watched. The outcome will have far-reaching implications for the textile sector, the banking industry, and the ongoing efforts to strengthen transparency and accountability in Indonesia’s corporate landscape. The bankruptcy of PT Sritex leaves a void in the market and raises concerns about the future of its employees and associated businesses that relied on its operations. This case serves as a stark reminder of the critical importance of robust regulatory frameworks and diligent enforcement to safeguard the integrity of the financial system and protect national economic interests.