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Singapore's regulator reviews Muddy Waters' report on Noble Group

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The Monetary Authority of Singapore (MAS) said on Friday it was reviewing a report issued by US-based investment research firm Muddy Waters on Noble Group Ltd, a Singapore-listed commodity trader.

[SINGAPORE] The Monetary Authority of Singapore (MAS) said on Friday it was reviewing a report issued by US-based investment research firm Muddy Waters on Noble Group Ltd, a Singapore-listed commodity trader.

"MAS is reviewing Muddy Waters' research report," a MAS spokesman said in an emailed statement to Reuters. MAS declined to give more details.

Noble Group earlier in the day issued a rebuttal to Muddy Waters' allegations of improper accounting and unsustainable debt. Muddy Waters is the second research outfit to attack Noble since February.

REUTERS

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