How Indonesian Startup eFishery's ex-CEO Gibran Huzaifah Faked the Numbers - Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Abandoned eFeeders in March. Agritech venture eFishery was one of Asia’s brightest startups with money from the likes of SoftBank and Temasek. Then it all came crashing down. As Gibran Huzaifah stared at the Excel spreadsheet on his laptop, he was looking into the void. eFishery, the Indonesian startup he'd built from a fish-feeding prototype to a 100-employee extension of himself, was just three months away from running out of cash. Slowly, he started plugging fake numbers into the financial report. Within an hour, he had done what five years of hard work couldn’t — turn his business into a winner, at least on paper. He hit the send button to show his investors, certain he’d get caught. Only he didn’t. His backers were cheer

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Abandoned eFeeders in March. Agritech venture eFishery was one of Asia’s brightest startups with money from the likes of SoftBank and Temasek. Then it all came crashing down. As Gibran Huzaifah stared at the Excel spreadsheet on his laptop, he was looking into the void. eFishery, the Indonesian startup he'd built from a fish-feeding