How a CEO’s Faked Results Led to a $300 Million Wipeout
Big Take Asia6 Maj 2025

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

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

See omnystudio.com/listener for privacy information.

Avsnitt(124)

India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.

India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.

President Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on the country, a higher ra...

5 Aug 202514min

China Bets Big on a $167 Billion Tibetan Dam

China Bets Big on a $167 Billion Tibetan Dam

China is building the largest power plant the world has ever seen, in a very remote corner of Tibet. But the $167 billion hydropower dam has environmentalists and neighboring countries concerned. On t...

29 Juli 202514min

Trump’s Tariffs Force Europe to Rethink Ties With China

Trump’s Tariffs Force Europe to Rethink Ties With China

This week, top European Union leaders are traveling to Beijing for a high-level summit which could set the tone for the relationship between the EU and China for years to come. On today’s Big Take Asi...

22 Juli 202517min

What Is Jane Street? And Why Are Regulators Watching It?

What Is Jane Street? And Why Are Regulators Watching It?

Jane Street is one of Wall Street’s most profitable and secretive firms. And when Indian regulators accused it of market manipulation earlier this month, it rocked the finance world. On today’s Big T...

17 Juli 202514min

The Leaked Phone Call that Plunged Thailand Into Crisis

The Leaked Phone Call that Plunged Thailand Into Crisis

A leaked phone call between Thailand's Prime Minister Paetongtarn Shinawatra and Cambodia's Hun Sen has ignited a significant political crisis in Thailand, leading to large-scale protests and her susp...

15 Juli 202518min

Bloomberg’s Interview With Malaysia’s Longest-Serving Prime Minister Mahathir Mohamad

Bloomberg’s Interview With Malaysia’s Longest-Serving Prime Minister Mahathir Mohamad

Mahathir Mohamad, Malaysia’s longest-serving prime minister, turned 100 this week. Bloomberg Weekend Editor-at-Large Mishal Husain sat down with the veteran former leader for an interview in the offic...

10 Juli 202522min

China's Plans to Make AI a Utility

China's Plans to Make AI a Utility

In a remote part of China's northwestern Xinjiang region, dozens of data centers rise from the desert. A Bloomberg analysis of investor and tax documents and company filings found Chinese companies pl...

8 Juli 202516min

The American Toymaker Suing Trump Over Destructive Tariffs

The American Toymaker Suing Trump Over Destructive Tariffs

Trump’s trade war has thrown American businesses, which source everything from aircraft parts to baby strollers from China, into chaos. Now some companies are challenging the president’s tariff ruling...

1 Juli 202516min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-svart-marknad
uppgang-och-fall
avanzapodden
rss-dagen-med-di
borsmorgon
rss-inga-dumma-fragor-om-pengar
tabberaset
rss-den-nya-ekonomin
rss-kort-lang-analyspodden-fran-di
rss-borsens-finest
kvalitetsaktiepodden
bathina-en-podcast
24fragor
kapitalet-en-podd-om-ekonomi
svd-tech-brief
bilar-med-sladd