By Eveline Danubrata and Anshuman Daga SINGAPORE (Reuters) - Singapore commodities trader Olam International Ltd defended its accounting practices after attacks by short-seller Muddy Waters which media reports said questioned the way it keeps its books, sending its U.S.-listed shares tumbling. Singapore-listed shares in Olam, which is nearly 16 percent-owned by state investor Temasek Holdings , were halted on Tuesday as the company accused Muddy Waters founder Carson Block of making "baseless and unsubstantiated assertions" against it. Block questioned the way Olam had booked profits on some of its acquisitions as well as its valuation of its plantations, crops and livestock, the Financial...
0 Responses to Commodity trader Olam battles Muddy Waters accounting claims