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How a CEO's faked results led to a$300 million wipeout
Posted
May 7, 2025
Views
2,272
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30
Comments
2
Engagement
1.41%
May 7, 2025
2,272
30
2
1.41%
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1:48Now PlayingOn today’s Big Take Asia podcast, host K. Oanh Ha talks to Bloomberg’s David Ramli about the fall of eFishery and what it says about the risks of venture capital investing in Southeast Asia.
In late 2018, five years after launching fish-feeding company eFishery, Gibran Huzaifah found himself all out of cash. To save his business, the CEO started plugging fake numbers into financial reports. The brighter picture drew hundreds of millions of investor dollars. But his house of cards was doomed to collapse.
On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's David Ramli about the fall of eFishery and what it says about the risks of venture capital investing.
Read moreCEO Explains How He Faked Results in $300 Million Meltdown ()
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