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|Subject: OLAM Allegations||Date: 11/20/2012 5:42 PM|
|Author: rnam||Number: 12914 of 14346|
SINGAPORE, Nov 20 (Reuters) - Singaporean commodities trader Olam said an attack on its prospects and accounting practices by Carson Block, the founder of shortseller Muddy Waters, was "baseless and unsubstantiated".
Shares in Olam, 16 percent-owned by Singapore state investor Temasek Holdings - which would not comment on th matter, closed down 7.5 percent in heavy volume on Tuesday
Jim (mungofitch) you had discussed this stocks a few months ago. What's your take on this?
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