How a CEO’s Faked Results Led to a $300 Million Wipeout | Big Take Asia

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 (https://www.bloomberg.com/news/featur...) Listen to more Big Take: Asia:    • Big Take Asia (Audio)   A deep dive into understanding Asia and how it impacts the global economy and world of business. Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of The Big Take:    • The Big Take (Audio)   Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter:   / podcasts   Visit our other YouTube channels: Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake   For coverage on news, markets and more: http://www.bloomberg.com/video #asia #news #podcast