ON
🔍
← Back to feed
JapanCrime3 days ago

Indonesian VC executives jailed for graft over failed startup investment

Four former executives of Indonesian state-owned venture capital firms were convicted of corruption and sentenced to prison terms ranging from two to five years for investing $25 million in a failed agricultural startup called Tanihub.

Crime

Verdicts seen as roiling financing ecosystems in Southeast Asia's largest economy

Former CEO of MDI Ventures Donald Wihardja, left, and former CEO of BRI Ventures Nicko Widjaja after they were convicted of corruption and sentenced to jail in Jakarta on Thursday over their companies' investments in failed Indonesian startup Tanihub. (Photos by Mira Maruto and Rezha Hadyan. Image partially edited)

REZHA HADYAN

June 18, 2026 19:03 JST

JAKARTA -- Four former executives of two Indonesian state-owned venture capital firms were convicted of corruption and jailed for between two and five years on Thursday for investing $25 million in an agricultural startup that went bust.

Read the full article at Nikkei Asia →
Source document: Court ruling

1 reports

Nikkei AsiaIndependent🔒Center
Indonesian VC executives jailed for graft over failed startup investment

Four former executives of Indonesian state-owned venture capital firms were convicted of corruption and sentenced to prison terms ranging from two to five years for investing $25 million in a failed agricultural startup called Tanihub.

Bias read (Center): The article reports on a legal conviction without apparent ideological framing. It focuses on the factual details of the case, including the roles of the individuals, the amount invested, and the outcome of the trial. There is no evident bias in language, sourcing, or emphasis.

Official sources cited

  • court Court ruling

Go to the primary sources (1)

The official sources this coverage is built on. Read them directly to bypass framing.

  • courtCourt ruling