Olam denies media reports of $68 billion Nigerian forex fraud - Printable Version

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+--- Thread: Olam denies media reports of $68 billion Nigerian forex fraud (/Thread-Olam-denies-media-reports-of-68-billion-Nigerian-forex-fraud)

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Olam denies media reports of $68 billion Nigerian forex fraud - Levin - 11-09-2023

https://www.straitstimes.com/business/companies-markets/olam-denies-allegations-of-nigerian-multibillion-dollar-fraud-but-will-conduct-review

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - Niubee - 11-09-2023

The neh owner has dig so much money from Temasek.

Real cash burner....

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - sgbuffett - 11-09-2023

Well a few years ago a short seller point out that Olam accounting got problems but Temasek came out to support the company.

I think the short sell is right. Olam grew by borrowing money to acquire companies in the end it has a big debt pile. The shortseller pointed out teb financial impact report for these acquisitions are too good to be true.

Here is shortseller report.

https://www.businesstimes.com.sg/muddy-waters-game-over-olam-if-temasek-pulls-out?amp

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - Ola - 11-09-2023

PAP loves Olam

Already bail them out

but did our investments minus that amount from the books?

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - Napoleon Porlumpar - 11-09-2023

(11-09-2023, 04:40 PM)Levin Wrote:  https://www.straitstimes.com/business/companies-markets/olam-denies-allegations-of-nigerian-multibillion-dollar-fraud-but-will-conduct-review

OLAM.....................OrLan liao lah.......................but 68Billion too big lah the figure............6.8Billion maybe lah

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - Blasterlord2 - 11-09-2023

Does he look honest to you?

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - sgbuffett - 11-09-2023

Temasek supported Olam by offering $2.30 per share AFTER Muddy Waters warned of fraud 

To buy when someone just published a well researched study is extremely irresponsible!

Temasek lost 50% after 8yrs.

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - victortan - 11-09-2023

Temasek always use our money to tikam tikam..

who is the CEO??? call LHL to squueze him..

that is why dont buy sillypore stock, twist over to wall st,, 10 yrs from now u can thank me..

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - fuch_asia - 11-09-2023

https://tinyurl.com/yh629nu6

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - ysh02 - 12-09-2023

That list don't have Olam so it is safe from now !....

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - Clyde - 12-09-2023

That list is only recent one. Before that we have micropolis, Chartered semicon and more

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - p1acebo - 12-09-2023

Under who’s watch?

Good life wor… huge salaries and non stop facebook postings

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - Cmpunk - 12-09-2023

Luckin coffee fail business

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RE: Olam denies media reports of $68 billion Nigerian forex fraud - K88 shu shu - 12-09-2023

Olam boss is CECA ?

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