EFishery Case, Bareskrim Disbursed The Embezzlement Value Of Investment Funds Of IDR 15 Billion

The Director of Special Economic Crimes at Bareskrim Polri, Brigadier General Helfi Assegaf, told reporters, Tuesday, August 5. (Rizky A-VOI)

The Criminal Investigation Unit of the National Police has named former Chief Executive Officer (CEO) eFishery Gibran Huzaifah as a suspect in the alleged forgery of financial reports. Based on the results of a temporary investigation, the value of embezzlement of investment funds that was carried out reached Rp. 15 billion.

"For the initial one, we can prove Rp. 15 billion," said the Director of Special Economic Crimes at Bareskrim Polri, Brigadier General Helfi Assegaf to reporters, Tuesday, August 5.

This value does not rule out the possibility that it will continue to grow. This is because the process of deepening the case is still ongoing.

Moreover, the value found is still in its early stages. Investigators are said to be checking efishery financial reports to ensure the nominal embezzlement of investments that have been carried out.

"Later, because everything is still in process, we are still in the process of deepening, we are also conducting an audit of the financial statements and the use of the money itself. Hopefully it can develop too," he said.

In this case, not only Gibran Huzaifah was named a suspect. But there are two other people, namely Angga Hardian Raditya and Andri Yadi.

They are said to have jointly embezzled investment funds. All three have been detained since July 31, 2025.

"The three of them collaborated, jointly committed fraud and embezzlement against the investment process in PT efishery by conducting the investment markup," said Helfi.

Referring to CNBC news, internal financial reports, eFishery collected revenues of IDR 2.6 trillion over a 9-month period, namely January-September 2024. Meanwhile, external financial reports show that eFishery earned 4.8 times more revenues worth IDR 12.3 trillion. Based on financial reports published for external parties, eFishery's revenue growth jumped sharply.

In 2021, worth IDR 1.6 trillion, then 2022 to IDR 5.8 trillion, and 2023 to IDR 10.8 trillion, according to documents received by CNBC Indonesia, quoted on Friday (31/1/2025). This figure is different in internal financial reports that show eFishery income of IDR 1 trillion in 2021, then IDR 4.3 trillion in 2022, and IDR 6 trillion in 2023.

Internal and external reports are also unequal for prior tax profit records. Based on external reports, eFishery posted a profit before tax of IDR 261 billion during the January-September 2024 period.

In fact, the internal report version shows that eFishery actually lost IDR 578 billion in the same period. From 2021 to 9 months in 2024, external eFishery reports show positive and stable profit before tax growth. Inversely, internal reports show that the company has continued to lose money since 2021. The worst loss in 2022 is IDR 784 billion. Then in 2023 amounted to IDR 759 billion.