For subscribers
Fishy acts in investments can be hard to detect, say observers in light of eFishery allegations
Sign up now: Get ST's newsletters delivered to your inbox
Indonesia-based eFishery is under probe for inflated revenue and profit over several years.
PHOTO: BLOOMBERG
Follow topic:
SINGAPORE – The recent probe into Indonesia’s agritech unicorn eFishery that is backed by prominent names like Singapore’s investment company, Temasek, Japan’s Softbank Group and venture capital firm Sequoia Capital India has prompted questions on how hard it is to detect possible fishy activities in investments in general.
Observers from both sides of the divide – corporate governance and venture capital – say catching instances where a firm cooks the books or misgoverns may not go swimmingly well, even if investors have proper due diligence processes.
