The US regulator said it found billions of dollars in fictitious transactions through entities controlled by Dozy Mmobuosi, the founder and former CEO of Tingo. - Deloitte In Eye Of Storm As SEC Probes Tingo For $470 Mn Scam, Experts Call For Greater Oversight To Protect Indian Investors
An international arm of auditing firm Deloitte that had certified a Nigerian company Tingo - accused of fraud by Hindenburg Research - as having over $470 million in its bank had only $50.
Auditing firm Deloitte has once again been caught in the eye of the storm of regulators.Deloitte's international audit arm certified that Nigerian firm Tingo - accused of fraud by Hindenburg - had more than $470 million in the bank.However, .
Bond prices and yields move inversely. Longer-duration securities witness extreme swings in prices relative to small movements in yields. This implies that for investors like debt mutual funds, the NAV would stand to take a large hit if yields rose even slightly.
Indian lenders have suggested that investments in perpetual bonds issued by banks should be valued according to the call option instead of treating them as 100-year securities, according to four. -January 25, 2024 at 01:58 am EST
- MarketScreener