Jakarta, May 22 -- Former president director of bankrupt textile giant PT Sri Rejeki Isman (Sritex), Iwan Setiawan Lukminto, was arrested and named a suspect in a corruption case involving illegal loans granted by local banks to his company.

The Attorney General's Office (AGO) on Wednesday also named Dicky Syahbandinata, Bank BJB's corporation and commercial division chief in 2020, and Zainuddin Mappa, Bank DKI's president director in 2020, suspects in the same case.

The Director of Investigation under the Deputy Attorney General for Special Crimes, Abdul Qohar, stated that the case originated from discrepancies in Sritex's financial reports for 2020 and 2021.

Qohar explained that while Sritex reported a profit of US$85.32 million in 2...