Southeast Asia’s startup ecosystem is facing a funding drought and a scandal involving Indonesian agritech unicorn eFishery, which is being investigated for financial malpractices. The company, backed by investors like SoftBank Group and Temasek Holdings, is accused of inflating revenue by $600 million and hiding a $35.4 million loss. EFishery’s board has appointed FTI Consulting as acting management amid discussions of liquidation or buyout by investors.
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Europe’s Plan to Use Russian Assets for Ukraine Funding Potential Russian Response
European Union leaders are discussing a "reparations plan" that would utilize frozen Russian assets to provide Ukraine with a $164 billion loan for post-war reconstruction, amid varying levels of support and legal concerns. With about $300 billion in Russian assets frozen, the plan aims to fill the funding gap as U.S. aid diminishes, though challenges regarding legal implications and asset recovery remain. Want More Context? 🔎
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