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Olam Fund-Raising a 'Bailout': Muddy Waters

Question Mark

Short-seller Carson Block, founder of Muddy Waters Research, continued his attack against Singapore-listed Olam International on Tuesday, characterizing the company's $1.25 billion fund-raising plan as a "sovereign bailout" a week after the commodities trader said it had enough liquidity.

Is There Truth in Muddy Waters' Report on Olam ?

Carson Block Interview Pic

The ongoing tussle between Muddy Waters and Singapore commodities firm Olam International further heated up after the short-seller published a much-awaited 133-page report on Tuesday detailing "shocking" accounting gaffes at the trading firm, prompting Olam to respond with a 45-page rebuttal on Wednesday.

Muddy Waters Allegations Against Olam Baffle Analysts

Pointing The Finger

The latest apparent target of Muddy Waters - Olam International - saw its stock plummet in over-the-counter trading in the U.S. Monday, after the short-seller was quoted in media reports questioning the accounting practices of the Singapore-based commodity trading firm.

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