Indonesia's Makarim, Gojek founder and former minister, found guilty of graft

Nadiem Makarim, Indonesia’s former education minister and co-founder of ride-hailing firm Gojek, gestures on the day of the verdict in a corruption case, related to the procurement of Google Chromebook laptops, against Nadiem, who is accused by prosecutors of using his executive powers to enrich himself, at the Central Jakarta Court in Jakarta, Indonesia, June 30, 2026. REUTERS/Ajeng Dinar Ulfiana

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)