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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Niger’s anger that a piece of Mars ended up for auction
Prof. Paul Sereno expressed outrage over the auctioning of a rare Martian meteorite, NWA 16788, discovered in Niger, which sold for $4.3 million in New York, raising concerns about the legality of its export. The Nigerien government has launched an investigation, citing potential illicit trafficking, while Sotheby's maintains that all procedures were followed. Want More Context? 🔎
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