Indonesia Court Sentences eFishery CEO to 9 Years for Fraud

An Indonesian court has sentenced Gibran Huzaifah, co-founder and former CEO of eFishery, to nine years in prison for embezzlement and money laundering. The court in Bandung issued the sentence after a police investigation that began in 2024 when misconduct complaints were filed against Huzaifah and another individual. The verdict highlights the judicial response to financial mismanagement in the country’s growing agritech sector.