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Pertamina corruption trial: 9 jailed in Indonesia over US$17 billion state loss
BusinessSCMPchannel-news-asia6mo ago2 sources

Pertamina corruption trial: 9 jailed in Indonesia over US$17 billion state loss

An Indonesian court has jailed nine people in a major corruption case involving subsidiaries of state energy firm Pertamina, including two former chief executives of its units, which prosecutors say caused US$17 billion in state losses. The case, which centres on alleged illegal leasing of a fuel terminal and illegal imports of crude oil, among other offences, is one of the biggest launched under the administration of President Prabowo Subianto, who has vowed to eradicate corruption. The nine...

Former eFishery CEO jailed for 9 years for embezzlement
Businesschannel-news-asia3mo ago

Former eFishery CEO jailed for 9 years for embezzlement

Gibran Huzaifah, the former chief executive of tech startup eFishery, has been sentenced to nine years in an Indonesian court for embezzlement, despite previously denying stealing money while admitting to manipulating financial statements.