JAKARTA, June 30 (Reuters) – An Indonesian court on Tuesday ruled that Nadiem Makarim, co-founder of tech firm Gojek and a former education minister, was guilty of corruption and sentenced him to 10 years in prison.
Makarim, 41, has protested his innocence, saying the case against him is politically motivated — an assertion that has found support from academics and rights activists.
The verdict has the potential to further undermine investor confidence in Indonesia. The rupiah and stocks have slumped this year after cuts to outlooks from credit ratings agencies on unpredictable policymaking and governance concerns, while index provider MSCI is weighing whether to downgrade Southeast Asia’s biggest economy due to market transparency concerns.
(Reporting by Stanley Widianto; Editing by Edwina Gibbs and David Stanway)
