Indonesian minister; Gojek founder; corruption case verdict
A panel of judges has found Nadiem Anwar Makarim guilty of abuse of authority in relation to the 2020 procurement of Google Chromebooks for Indonesian schools. He has been sentenced to 10 years in prison, with a fine and restitution totaling over 800 billion rupiah. Prosecution says state losses reached about 125 million, while Google’s investment in Gojek is central to the case. The verdicts from multiple outlets converge, with the defense planning appeals.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
Jakarta authorities have conducted multiple raids across the capital and beyond, seizing 74 kg of gold and about $20 million as part of a corruption investigation linked to state power utilities and past fraud schemes. The probe follows arrests and a resignation by a top prosecutor connected to the case.