Gibran Huzaifah, co-founder and former CEO of eFishery, has been sentenced to nine years in prison after a district court found him guilty in a fraud case.
The Bandung District Court Class IA Special handed out the verdict on Wednesday after a hearing that lasted just over one hour.
The court also ordered Gibran to pay a fine of 1 billion rupiah ($57.7 million), with a subsidiary penalty allowing authorities to seize assets if the fine is not paid. If the confiscated assets are insufficient, the fine may be replaced with an additional custodial sentence of up to 190 days.
The court said it had examined evidence presented throughout the trial to establish the facts of the case before applying relevant legal provisions.
The judges said Gibran’s actions had caused financial losses of approximately 69.47 billion rupiah ($4.05 million) to PT Multidaya Teknologi Nusantara, identified as the victim.
Gibran has been under house detention since July 31, 2025, a period that will be taken into account in his sentence.
Following the verdict, Gibran said he is considering to file an appeal within seven days, in line with Indonesian legal procedures.
“I ask for prayers from all parties so that justice can be upheld,” he said after the hearing, urging younger entrepreneurs to be more cautious in dealing with investors. “If investors push for something, it’s better to think it through carefully.”
His legal team also expressed disappointment with the ruling and said they are considering to challenge the decision through the appeals process.
