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Tuesday, 14 July 2026
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Indonesia·Southeast Asia·Democracy·Trade & Economy

Indonesia's jailing of Gojek co-founder stokes investor confidence fears

Tuesday, 14 July 2026, 06:17 · 1 min read

Nadiem Makarim, co-founder of the Indonesian super-app Gojek and former education minister under President Joko Widodo, was sentenced on 30 June to ten years in prison by Jakarta's anti-corruption court after being found guilty of tailoring a government tender to favour Google during a pandemic-era procurement of more than one million Chromebook laptops for rural schoolchildren, causing an estimated $120 million in state losses. Critics, including analysts at the Centre for Strategic and International Studies in Jakarta, argue the case lacks sufficient evidence and reflects political retribution by the administration of current President Prabowo Subianto, whose government has faced broader criticism over economic management and a weakening rupiah. Researchers warn the verdict — targeting a figure widely seen as a symbol of Indonesia's technology boom — could deepen a decline in foreign investor confidence by signalling weaknesses in legal certainty and judicial independence in Southeast Asia's largest economy.

Sources
Al Jazeera EnglishIndonesia’s jailing of Gojek founder raises fears for investor confidence ↗︎
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