Major Asian Investment Firms Caught by Fraud

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Major Asian Investment Firms Caught by Fraud

By: Toh Han ShihWe eFish for moneyTwo of Asia’s biggest investment firms have found themselves swindled by eFishery, an Indonesian “unicorn” supposedly providing technology and data to improve the operations of fish and shrimp farmers, likely forcing them to write off an unknown amount. It is the second major recent writedown for the Singapore government’s sovereign investment fund Temasek Holdings and the Tokyo-based Softbank investment firm, b…