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Bank Rakyat Indonesia
2 CÈ pieces since 27 July 2026: 1 deal, 1 essay. Newest first.All companies →
Trusted the founder’s numbers? Four Jakarta venture executives went to prison for the US$25 million they never checked.
MDI Ventures and BRI Ventures, the venture arms of Indonesia’s state telecom and state bank, put US$25 million into TaniHub on numbers nobody independently checked. In June 2026, a Jakarta court convicted four of their executives for exactly that omission.
Indonesia's state fund managers were four competing shops: Danantara merges them into one $9.4B manager
Danantara Asset Management signed share purchase agreements for controlling stakes in the investment arms of Mandiri, BRI, BNI and PNM, which together managed IDR 170 trillion ($9.43 billion) as of June. They merge within a month.