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

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 ...

Indonesian agritech start-up eFishery raised $200 million in Series D funding, pushing the company into unicorn status with a ...

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

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 ...

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 ...

and dismissed co-founder and CEO Gibran Huzaifah after the accounting inconsistencies were discovered, the sources said. “We are fully aware of the gravity of the market speculation and we take this ...

(Bloomberg) -- EFishery Pte, one of Indonesia’s most ... and dismissed co-founder and Chief Executive Officer Gibran Huzaifah after the accounting inconsistencies were discovered, the people ...

Indonesian startup EFishery Pte, a $1.4 billion company backed by SoftBank Group and Temasek Holdings, has allegedly been faking the majority of its sales for years, according to an internal ...