The Business Times
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MALAYSIA

Asean Business

Five things to know about Malaysia’s Kwap-eFishery controversy

2026-07-24T03:21:53.000Z
The probe is the latest development in the roughly US$300 million fraud that brought down one of South-east Asia’s most celebrated startups.
Companies & Markets

Malaysia probes state pension’s loss linked to eFishery collapse

2026-07-19T12:03:52.000Z
Gibran Huzaifah, founder of eFishery, allegedly engaged in financial misconduct, causing losses to the company and its investors.
Asean Business

Indonesia’s eFishery founder faces verdict in fraud case over alleged 70 billion rupiah losses

2026-04-28T09:50:51.000Z
The proposed sentence for Gibran Huzaifah is based on violations under the law of embezzlement in office and money laundering, according to the prosecutors.
Asean Business

Indonesia’s eFishery founder faces 10 years in jail

2026-04-15T11:35:16.000Z
Temasek has introduced tighter due diligence standards, including deeper integrity checks and a push for companies to be audited by the Big Four firms.
Singapore

Temasek shifts early-stage focus ‘a little more’ towards larger startups, after FTX and eFishery setbacks

2025-07-09T07:00:00.000Z
In April, eFishery’s co-founder and former CEO Gibran Huzaifah admitted to systematically manipulating the company's financial reports since 2018 to attract investors and “survive” a cash crunch.
Asean Business

Lesson from eFishery’s fraud: A wake-up call for Indonesia’s startup ecosystem

2025-06-30T14:13:42.000Z
Gibran Huzaifah's CEO pay for select months (Based on available documents).
Startups
EFISHERY COLLAPSE

EFishery ex-CEO shows salary slips to refute claims of billion-rupiah salary

2025-02-28T09:12:35.000Z
eFishery set out to revolutionise aquaculture by helping farmers boost production and scale efficiently.
Asean Business

eFishery founder, ex-CEO Gibran Huzaifah addresses fraud scandal for the first time

2025-02-26T01:46:22.000Z
The company, which deploys feeders to fish and shrimp farmers in Indonesia, incurred several hundred million dollars in losses between 2018 and 2024 and misrepresented its financial figures for years.
International

SoftBank, Temasek among eFishery investors facing near wipeout

2025-02-24T12:11:50.000Z
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