Olam International

Olam International's bond sale only 'delays collapse', says Carson Block

Carson Block

Olam International's planned US$1.25 billion raising will only postpone the likely collapse of the commodity trader, according to Muddy Waters, the research firm led by short-seller Carson Block.

Wednesday, 5 December, 2012, 3:12am

Rice trader Olam International fights back over Muddy Waters' claims

Group Managing Director and Chief Executive Officer Sunny Verghese of Olam International Limited. Photo: Reuters

Olam International, whose shares have fallen 9.5 per cent since short seller Carson Block said it might fail, has sued him for defamation. He responded with a 133-page report that called the commodity trader an emperor with no clothes.

4 Dec 2012 - 3:10am

Olam turns to courts in battle with Muddy Waters

Sunny Verghese, group managing director and chief executive of Olam International. Photo: AFP

Singapore commodities trader Olam International took its battle with short-seller Muddy Waters to a Singapore court on Wednesday as it fought off criticisms of its accounting practices and debt levels that have battered its share and bond prices.

22 Nov 2012 - 1:24pm

Briefs, November 22, 2012


Olam takes Muddy Waters to court

7 May 2015 - 4:01pm

Accounting questions send shares of commodity trader Olam lower

Olam International slumped the most in six months in Singapore trading after short-seller Carson Block questioned the agricultural commodity trader's accounting methods.

The share fell 7.5 per cent to S$1.61 at the close, the lowest since May 16, while its bonds also fell in Asian trade.

21 Nov 2012 - 1:56am

Commodity trader Olam battles Muddy Waters accounting claims

Temasek Holdings, Singapore state-linked investment firm, owns 16 per cent in Olam International. (AFP PHOTO/ROSLAN RAHMAN)

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.

20 Nov 2012 - 3:27pm