JAKARTA -- At the beginning of this month, Jakarta prosecutors paraded three suspects in an alleged $25 million corruption and money laundering scandal involving investment funds at the agriculture startup TaniHub.
Scandals triggered by governance failures at TaniHub and eFishery have plunged Indonesia's startup ecosystem into a funding drought. (Illustration by Yoshiko Kawano)
ASEAN Money
Indonesian startups face funding fallout from corruption scandals
Experts urge better governance and more hands-on investor oversight to revive ecosystem
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