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#Sritex

AGO names eight new suspects in Sritex bank loan corruption case

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).

Unions say massive layoffs at Sritex Illegal

The Confederation of Indonesian Trade Unions (KSPI) is planning to file a citizen lawsuit against the Indonesian government and the executives of textile company PT Sri Rejeki Isman (Sritex) over recent massive layoffs in the company which the unions claim as violating labor laws.

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