Muddy Waters sees echo of Enron in Singapore's Olam

11/27/2012 | Bloomberg · Business Times (Singapore), The

Singapore-based commodity trader Olam International is likened to Enron, the spectacularly failed U.S. energy trader, in a report by research firm Muddy Waters. The report projects Olam will fail, with Muddy Waters founder Carson Block saying, "The problem is it's been burning cash the entire time it's been public, almost." For its part, Olam said there is "no substance" to the allegations.

View Full Article in:

Bloomberg · Business Times (Singapore), The

Published in Brief: