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News Wire / economy

E-Fishery CEO Fined For Falsifying Accounts

CNA938 Singapore Bandung 13d Impact 5
Bandung District Court fined E-Fishery CEO Gibran Huzaifa $58,000 for falsifying accounts at the Indonesian agri-tech startup. A board investigation revealed the company may have inflated accounts over several years.

Topics

E-Fishery fraud agri-tech

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Sources · 7 independent

CNA938 Singapore

“CEO Gibran Huzaifa was also fined $58,000 by the Bandung District Court. of falsifying accounts at a startup E-Fishery.”

CNA938 Singapore

“A board investigation revealed that the startup might have inflated its accounts over several years because it actually incurred several hundred million dollars in losses between 20 and 30.”

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