Commodities trading firm Noble launches legal action over allegations
March 23 , 2015
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.