“In theory, the proceeds from the harvest or cash collected from farmers should be repaid back to the lenders,” the presentation said. “In practice, however, eFishery faced significant ...

EFishery Backers to Weigh Liquidation, Buyout Among Options Troubled startup fighting for its life after fraud allegations Adviser urging investors to decide as soon as this month ...

(Bloomberg) -- EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation. The cuts began ...

nionized workers from Bandung-based aquaculture technology start-up PT Multidaya Teknologi Nusantara (eFishery) staged a demonstration on Thursday in the West Java city to protest the company’s ...

ech startup eFishery has appointed new leaders amid an ongoing investigation into alleged embezzlement by its co-founders Gibran Huzaifah and Chrisna Aditya. Gibran and Chrisna have both stepped ...

“In theory, the proceeds from the harvest or cash collected from farmers should be repaid back to the lenders,” the presentation said. “In practice, however, eFishery faced significant challenges when ...

The fallen startup, whose financial backers include SoftBank Group Corp. and Singapore’s Temasek Holdings Pte., had been a star of Indonesia’s startup scene. eFishery was valued at $1.4 ...

It also helped farmers obtain financing from peer-to-peer lenders and financial institutions to pay for their feed and operational costs. The investigators also found that there was a high default ...

SoftBank, Temasek Among eFishery Investors Facing Near Wipeout Startup’s backers likely to recover under 10% of investments Indonesian firm allegedly misrepresented financials for years ...