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View all search resultsThe court also sentenced each firm with a Rp 1 billion (US$56,447) fine after finding them guilty of receiving benefits from the corruption case surrounding two venture capital arms of state-owned enterprises (SOEs) to the agricultural tech start-up.
The case centers on US$25 million in investments made between 2019 and 2023 by BRI Ventures and MDI Ventures, the venture capital arms of state-owned firms BRI and Telkom, respectively, into agritech start-up PT Tani Group Indonesia (TaniHub).
Just a day after announcing a multibillion-rupiah investment for its latest financing vehicle, Sembrani Nusantara Fund, BRI Ventures has revealed it has entered into a partnership with Investree to provide a venture debt facility for startups.
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