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Probe finds eFishery may have inflated revenue by $600m in 2024 alone

Revenue for the nine months through September 2024 was estimated at $157m rather than the $752m investors were told; management also inflated revenue and profit numbers for several previous years

By Undercurrent News | Jan. 22, 2025 10:50 GMT
Gibran Huzaifah Amsi El Farizy, CEO and co-founder of eFishery, speaking during the 2023 Global Shrimp Forum. Credit: Tom Seaman/Undercurrent News
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The initial probe into alleged financial impropriety at Indonesian aquatech startup eFishery has found the firm may have inflated its revenue and profit over several years, reports Bloomberg [...]

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