US EditionIndonesia Police Detain Ex-EFishery CEO Who Faked Data, Two Others
INDONESIA, AUG 5 – Executives allegedly inflated eFishery's revenue by up to $600 million to attract investors including SoftBank and Temasek, leading to detentions since July 31, 2025.
- Indonesian police have detained Gibran Huzaifah, the co-founder and former chief executive officer of eFishery, along with two other former executives.
- Huzaifah admitted to faking financial information, claiming eFishery had revenues of US$752 million instead of the true figure of US$157 million, according to an internal investigation.
- High-Profile investors in eFishery include Japan's SoftBank Group and Singapore's Temasek, which supported the company's inflated claims.
- Gibran Huzaifah expressed regret over his actions, stating, "You see yourself in the mirror and when you do something wrong, you know that you're not proud of yourself," during a conversation with Bloomberg News.
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Indonesia arrests eFishery start-up founder over alleged fraud
JAKARTA: The founder of once-booming Indonesian aquaculture firm eFishery has been arrested with two of his associates on suspicion of fraud, police said Tuesday (Aug 5). After selling itself as a disruptive business offering fish and shrimp farmers an online platform for "feed, financing and market", it f
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Total News Sources12
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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