Indonesian aquaculture unicorn eFishery has appointed Adhy Wibisono as interim CEO and Albertus Sasmitra as interim CFO amid an ongoing investigation into alleged financial irregularities, several news portals reported on Monday.

“This decision, reached in unison with our shareholders, showcases our commitment to improving the companys governance,” the company said in a statement, Tech in Asia reported.

In response to the situation, eFishery said that it is “fully aware of the gravity of the market speculation regarding this decision” and is treating the matter with “the utmost seriousness.”

Founded in 2013, eFishery said it is the first Aquaculture Technology startup in Asia that develops innovations in the aquaculture field. eFishery disrupts traditional fish farming methods and provides cutting edge solutions in the aquaculture ecosystem by offering an end-to-end platform that provides access to feed, financing, and market to fish and shrimp farmers.

eFishery aims to build an aquaculture ecosystem in Indonesia that is not only profitable but also sustainable to the farmers, buyers, and to all stakeholders, information from its Linkedin page showed.

DealStreetAsia first reported the news, revealing that co-founders Gibran Huzaifah and Chrisna Aditya had been suspended from their respective posts as CEO and CFO.

Before joining eFishery, Wibisono served as CFO at NWP Property and GoPay. Sasmitra is a director at Northstar Group, one of eFishery’s investors.

This marks eFishery’s second C-level leadership change this year. In April, former CFO Dhianendra Laksmana also resigned, the report added.

EFishery has been expanding its footprint in India, where the company launched commercial operations in January. In March, eFishery completed the acquihire of DycodeX, an Indonesia-based IoT firm, the report added.

EFishery has raised a total of $415 million in funding to date, including $30 million in debt financing from HSBC Indonesia in May.

In July last year, eFishery announced it has raised $200 million in its Series D funding round. The round was led by Abu Dhabi-based global fund manager 42XFund and backed by Malaysia’s largest public sector pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Switzerland-based asset manager responsAbility, early investor multi-stage venture capital firm 500 Global and other new investors, along with existing investors such as Northstar, Temasek, and SoftBank.

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