Prosecutors seek 10-year jail term for eFishery co-founder
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Indonesian prosecutors have sought a 10-year prison sentence for eFishery's co-founder and two former executives over alleged financial losses of $4.05 million. The defendants are accused of causing financial irregularities, eroding investor confidence, and affecting tens of thousands of parties.
Indonesian prosecutors have sought a 10-year prison sentence for eFishery co-founder Gibran Huzaifah and two former executives, Angga Hadrian Raditya and Andri Yadi, over alleged financial irregularities. The defendants are accused of causing $4.05 million in losses to PT Multidaya Teknologi Nusantara. The court proceedings revealed that the defendants' actions affected over 26,000 parties linked to aquaculture operations. The defendants were also ordered to pay a fine of $58,343 each. The court is scheduled to hear the defendants' pleas on April 22, with a verdict expected before the end of April. eFishery has been one of the most prominent players in Indonesia's fast-growing aquaculture startup sector.
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