atans1

Olam: Ang Moh Kaw bites

In Commodities, Corporate governance on 28/11/2012 at 5:21 am

It’s been over a week since  Muddy Waters made allegations about the accounts of Olam. Since then Olam has come out swinging, refuting the allegations and suing.

Yesterday evening, the report was made available. Most of the issues have been flagged by analysts earlier. But there are issues about the restatements of accounts that don’t affect profits and capex that need addressing by Olam.

Remember Temasek owns 16% of Olam. So it too will be studying the report.

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  1. Muddy’s report very detailed and many questions to be answered. Office supplies revalued to biological assets?!! Joke of a company.

  2. I do not know this company,but I know our hard earned money are invested there.
    So what do I think?Frankly I am little worried,Why,well,track record sir.

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