The outcome was an extravagant valuation that had no connection to fundamentals. Even with its fabricated revenue, eFishery was trading at an EV/Sales ratio of two times. Agri-processors such as Japfa ...

By bno - Surabaya bureau One of Southeast Asia’s most talked-about controversies is the alleged fraud at eFishery, an ...

Here are the top stories that our readers and subscribers loved in January 2025: Initial findings reveal a complex scheme of alleged financial manipulation involving dual financial reporting, setting ...

INDONESIAN aquatech unicorn eFishery is ramping up plans to axe employees as it struggles to manage the fallout from its ...

EFishery, which provides automated feeders to fish and shrimp ... In response, the board initiated a formal investigation in December and subsequently removed co-founder and CEO Gibran Huzaifah after ...

EFishery was a darling of the nation’s start-up scene. Then a whistle-blower alleged that the company’s accounts weren’t accurate.

SINGAPORE – One of Indonesia’s most prominent start-ups, eFishery, may have inflated ... and dismissed co-founder and CEO Gibran Huzaifah after the accounting inconsistencies were discovered ...

FashionValet burst into the spotlight in November when Malaysian sovereign wealth fund Khazanah Nasional and Permodalan Nasional, the country’s largest fund management company, incurred a 43.9 million ...

EFishery, which provides automated feeders ... in December and subsequently removed co-founder and CEO Gibran Huzaifah after uncovering discrepancies in the accounting, people familiar with ...