Politics
Does Gojek co-founder’s guilty verdict test Indonesia’s investor climate?
The verdict against the Gojek co-founder could disrupt the business climate and dampen foreign investment appetite in Southeast Asia’s largest economy, adding to concerns about legal certainty in cases involving public procurement and the technology sector, observers said.
Nadiem co-founded ride-hailing service giant Gojek in 2010 and served as its chief executive until 2019, when he resigned to join former President Joko Widodo’s second-term cabinet as education minister.
On Tuesday, a panel of five judges at the Jakarta Corruption Court found the 41-year-old guilty of abuse of power over the purchase of more than 1 million Chromebook laptops for schools in remote and underdeveloped areas between 2020 and 2022, a project that the court said caused losses to the state.
His prison sentence was lighter than the 18 years requested by prosecutors.
Nadiem was also ordered to pay a fine of one billion rupiah ($55,870) and 809 billion rupiah in compensation, with failure to pay the latter resulting in an additional five years in prison. Prosecutors had demanded 5.6 trillion rupees in total restitution.
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