Indonesian Vice President Resigns After Court Ruling
Gibran Rakabuming Raka steps down after the Supreme Court invalidated academic credentials used in his election campaign.
Indonesian Vice President Gibran Rakabuming Raka submitted his resignation letter to President Prabowo Subianto this Wednesday. The decision comes shortly after the country's Supreme Court declared the academic certificates presented by the politician during the 2024 campaign to be invalid.
Indonesian law requires that those holding the office of vice president must possess a high school diploma or an equivalent degree. The court concluded that there is no evidence that Gibran completed the necessary studies despite his time at institutions in Singapore and Australia.
The controversy surrounding Gibran's education sparked a strong reaction in parliament. More than 100 lawmakers supported an initiative to launch impeachment proceedings against the vice president even before his departure was formalized.
The resignation exposes the strain in the political alliance between President Prabowo and his predecessor Joko Widodo who is Gibran's father. The current administration has prioritized its own programs over projects inherited from the previous government such as the construction of the new capital Nusantara.
The scenario of political instability in Indonesia may increase risk perception in emerging markets while putting pressure on local currencies and raising global asset volatility.
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