• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Finance

Indonesia’s Prabowo pulls out of election, claiming fraud

By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
July 22, 2014, 5:33 AM ET
INDONESIA-ELECTION
Indonesian presidential candidate Prabowo Subianto delivers his statement prior to the election count announcement in Jakarta on July 22, 2014. Subianto said on July 22 he was withdrawing from the election process, as his opponent Joko Widodo was poised to be declared the winner. AFP PHOTO / Bay ISMOYO (Photo credit should read BAY ISMOYO/AFP/Getty Images)BAY ISMOYO/AFP--Getty Images

Prabowo Subianto, the likely loser of Indonesia’s presidential election, has pulled out of the contest, claiming “massive, structured and systematic fraud.”

Prabowo, a former head of Indonesia’s special forces, had claimed victory after last week’s poll, even though the majority of snap exit polls indicated that his opponent, Jakarta governor Joko Widodo, also known as Jokowi, had won by a margin of over 5%. Kawalpemilu.org, a non-governmental website, estimated that Jokowi had garnered 53.15% of the vote to Prabowo’s 46.84%.

But on Tuesday, Prabowo said he had “no confidence” in the process and pulled his observers out of the official vote count, after trying unsuccessfully to delay the announcement of the official results by the country’s election commission, the KPU.

The KPU had still not formally announced its results at the time of writing.

Prabowo’s announcement threatens to overshadow what had seemed likely to be a peaceful transfer of power in the sprawling archipelago with a population of 240 million, which has witnessed bouts of extreme political violence and instability in the past due to ethnic, religious and economic tensions. Over 130 million votes were cast by the country’s overwhelmingly Muslim population.

Under the Indonesian constitution, Prabowo has three days to contest the results at the country’s constitutional court. It was unclear whether he intended to do so. The English-language paper The Jakarta Post cited top officials at some of the parties that have backed Prabowo as urging him to accept defeat as soon as possible.

Local financial markets sharply reversed gains they had made Monday in anticipation of Jokowi being declared the new president, but appeared to regain some composure toward the end of the trading session.

The dollar spiked 1% higher against the rupiah, although it subsequently retraced about half of that move and is still close to a two-month high. The Jakarta benchmark stock index fell 0.9% on the day, but was still within 1% of the all-time high it hit Monday.

About the Author
By Geoffrey Smith
See full bioRight Arrow Button Icon

Latest in Finance

William Stone
SuccessBillionaires
While Billie Eilish slams non-philanthropic billionaires, this CEO says telling people what to do with their cash is ‘invasive’ and to ‘butt out’
By Jessica CoacciDecember 3, 2025
16 minutes ago
Scott Bessent
EconomyTariffs and trade
Scott Bessent is defiant on whether tariffs are a tax, demands Democrats work to cut actual taxes instead
By Nick LichtenbergDecember 3, 2025
29 minutes ago
The SoFi logo on a blue frame.
Personal Financechecking accounts
SoFi® Bank, N.A. Review 2025: Digital Banking, High Yields
By Glen Luke FlanaganDecember 3, 2025
54 minutes ago
Tony Cuccio posing in a chair
C-SuiteMillionaires
Tony Cuccio started with $200 selling beauty products on Venice Beach. Then he brought gel nails to the masses—and forged a $2 billion empire
By Dave SmithDecember 3, 2025
1 hour ago
CryptoFinance
Bitcoin’s biggest booster Michael Saylor fights to stave off an $8 billion collapse and being the first major crypto domino to fall
By Jeff John RobertsDecember 3, 2025
1 hour ago
Personal FinanceSavings
Best savings account bonuses for December 2025
By Glen Luke FlanaganDecember 3, 2025
1 hour ago

Most Popular

placeholder alt text
North America
Jeff Bezos and Lauren Sánchez Bezos commit $102.5 million to organizations combating homelessness across the U.S.: ‘This is just the beginning’
By Sydney LakeDecember 2, 2025
1 day ago
placeholder alt text
Economy
Ford workers told their CEO 'none of the young people want to work here.' So Jim Farley took a page out of the founder's playbook
By Sasha RogelbergNovember 28, 2025
5 days ago
placeholder alt text
Economy
Elon Musk says he warned Trump against tariffs, which U.S. manufacturers blame for a turn to more offshoring and diminishing American factory jobs
By Sasha RogelbergDecember 2, 2025
1 day ago
placeholder alt text
Success
Warren Buffett used to give his family $10,000 each at Christmas—but when he saw how fast they were spending it, he started buying them shares instead
By Eleanor PringleDecember 2, 2025
1 day ago
placeholder alt text
North America
Anonymous $50 million donation helps cover the next 50 years of tuition for medical lab science students at University of Washington
By The Associated PressDecember 2, 2025
1 day ago
placeholder alt text
C-Suite
MacKenzie Scott's $19 billion donations have turned philanthropy on its head—why her style of giving actually works
By Sydney LakeDecember 2, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.