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Adler Significantly Overstated Value of Old Debt, German Watchdog Finds

(Bloomberg) A subsidiary of troubled landlord Adler Group SA “significantly overstated” the value of stale debts in its 2021 accounts, according to German financial watchdog BaFin.Most Read from BloombergChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionTesla Plans Revamp of Smash Hit Model Y From China PlantApple’s iPhone Design Chief Enlisted by Jony Ive, Sam Altman to Work on AI DevicesGhost Ships at Rea

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