The Business Times
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Noble saga: Ball is in regulators' court

Published Mon, Apr 20, 2015 · 09:50 PM

    A HEADLINE in The Business Times on Saturday reads: "Noble dodges accounting queries at AGM". For 90 minutes, Noble Group founder and chairman Richard Elman "repeatedly dodged shareholders' queries on the group's accounting practices ...".

    How can it be that for more than two months Noble continues to refuse to provide details of its finances to the owners of the business and show such disregard for their interests?

    I have long been sceptical of the finances of Asia's commodity traders as a result of their opaque finances and dependence on short-term financing.

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