Indonesian start-up eFishery faces financial turmoil
03:15 Min
Indonesian aqua-tech start-up eFishery could be in far worse shape than investors had anticipated. Reports say that it is likely to recover less than 10 cents for every dollar it has invested. A board investigation has allegedly turned up millions in losses, with the company also allegedly misrepresenting financial figures for years. Chandni Vatvani reports from Jakarta.
25 Feb 2025 09:12pm
Indonesian aqua-tech start-up eFishery could be in far worse shape than investors had anticipated. Reports say that it is likely to recover less than 10 cents for every dollar it has invested. A board investigation has allegedly turned up millions in losses, with the company also allegedly misrepresenting financial figures for years. Chandni Vatvani reports from Jakarta.
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