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 more: CEO Explains How He Faked Results in $300 Million Meltdown

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.&nbsp;
Read more:&nbsp;<a href="https://www.bloomberg.com/news/features/2025-04-15/how-indonesian-startup-efishery-s-ex-ceo-gibran-huzaifah-faked-the-numbers">CEO Explains How He Faked Results in $300 Million Meltdown</a>

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The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

How a CEO’s Faked Results Led to a $300 Million Wipeout

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5506caf4-daa9-46ac-9a41-b2d501240b23/transcript