Tingo Group shares halved in value on Tuesday after short-seller Hindenburg Research criticized its founder and alleged that the fintech firm had 'fabricated' its financials.
shares halved in value on Tuesday after short-seller Hindenburg Research criticized its founder and alleged that the fintech firm had "fabricated" its financials.
"We contacted the app's actual creator, who called Dozy's claims 'a pure lie'," Hindenburg said. Reuters could not independently verify the contents of the report. "The Company also confirms that its accounting records are accurate and correct and that its financial results are accurately reported," Tingo said.
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