The Attorney General’s Office (AGO) has named eight new suspects in a corruption investigation involving the disbursement of bank loans from regional development banks − Bank Banten, Bank Jabar Banten (BJB), Bank Jateng, and Bank DKI Jakarta (now Bank Jakarta) − to textile manufacturer PT Sri Rejeki Isman (Sritex).

AGO Director of Special Crimes, Nurcahyo Jungkung Madyo, said the suspects are believed to have engaged in illicit practices, including “kickbacks” from Sritex executives to bank officials.

He added that the naming of more suspects followed extensive examination of witnesses, expert statements, documents, and case deliberations. The state is estimated to have suffered a financial loss of approximately Rp1.08 trillion (US$65 million), a figure still under audit by the Supreme Audit Agency (BPK).

Nurcahyo noted that the suspects are believed to have colluded in a coordinated scheme to facilitate improper loans to Sritex.

“There is evidence of kickbacks to bank officials,” he told a press conference in the wee hours of Tuesday, July 22, 2025.

The eight suspects are:

Allan Moran Severino, Sritex Finance Director (2006–2023)

Babay Farid Wazadi, Credit and Finance Director, Bank DKI (2019–2022)

Pramono Sigit, Technology and Operations Director, Bank DKI (2015–2021)

Yuddy Renald, President Director, Bank BJB (2009–Mar 2025)

Benny Riswandi, Senior Executive Vice President, Bank BJB (2019–2023)

Supriyatno, President Director, Bank Jateng (2014–2023)

Pujiono, Corporate and Commercial Business Director, Bank Jateng (2017–2020)

Suldiarta, Head of Corporate and Commercial Business Division, Bank Jateng (2018–2020)

Each suspect played a role in the planning and disbursement of loans to Sritex, with Allan allegedly presenting fake invoices to obtain funds, which were then used not for working capital but to repay medium-term notes, Nurcahyo said.

Bank executives are accused of by passing basic credit assessments and ignoring the deteriorating financial position of Sritex. Some even approved credit facilities despite knowing the company’s liabilities exceeded its assets and failed to evaluate financial statements critically.

To date, 175 witnesses and one expert have been examined. The AGO has previously named three individuals in the case − Iwan Setiawan Lukminto, President Director of Sritex (2005–2022); Zainuddin Mappa, President Director, Bank DKI (2020); and Dicky Syahbandinata, Head of Commercial & Corporate Division, Bank BJB.

Scope of investigation

The Rp1.08 trillion in losses come from what authorities call the “first cluster” of loans, involving Bank BJB, Bank Jateng, and Bank DKI. This marks an increase from an earlier estimate of Rp692.9 billion, which covered only Bank BJB and Bank DKI. The inclusion of Bank Jateng added Rp395.6 billion to the tally.

A “second cluster” of syndicated loans totaling Rp2.5 trillion is under separate investigation. This includes financing from state-owned banks such as BRI, BNI, and Indonesia Eximbank (LPEI), as well as private banks and other financial institutions.