Singapore's Olam says will respond to Muddy Waters report

Singapore's Olam says will respond to Muddy Waters report
Carson Block (L), research director and founder of Muddy Waters LLC, and Mr Sunny Verghese, group managing director and CEO of Olam International Ltd.

SINGAPORE - Singapore's Olam International Ltd said on Tuesday it will assess short-seller Muddy Waters' report on the commodity trader and respond appropriately in due course.

Muddy Waters, in a report released earlier on Tuesday, described Olam as a "strong sell" due to a high risk the firm could fail.

Olam has denied Muddy Waters' previous allegations about its finances and has taken steps to sue the short-seller and its founder Carson Block.

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