Major #Asian #Investment Firms Caught by #Fraud
🧐"swindled by #eFishery, an #Indonesian #unicorn supposedly providing #technology & data to improve operations of fish & shrimp farmers, likely forcing them to #writeoff an unknown amt. Its e 2nd major recent writedown for #Temasek Holdings & #Softbank both also lost millions in 2022 failure of #FTX, the #bankrupt #cryptocurrency exchange.. eFishery inflated revenue by ~US$600m ie, >75% of 2024 figs were bogus" #duediligence
https://www.asiasentinel.com/p/major-asian-investment-firms-caught-by-fraud