Commodities trading firm Noble launches legal action over allegations

  • Commodities trading firm Noble Group is set to launch legal proceedings after allegations were made against it by a blog.

    The Asian giant’s accounting practices were questioned by a blog called Iceberg Research, which released reports claiming that Noble understated its debt and inflated profits.

    The Hong Kong-based company has hit back, describing the claims as “inaccurate, unreliable and misleading”, and indicated that a dismissed former employee was behind the blog.

    Tagged as: commodities trading firm, Noble Group, legal proceedings, accounting practices, Iceberg Research, Hong Kong, business news