Muddy Waters takes deeper aim at Olam with letter

Muddy Waters, the research firm engaged in a battle against Singapore commodities trader Olam, published its first official material on the company on Wednesday, taking aim at Olam’s use of cash and its debt load.

The tussle began on Monday, when Muddy Waters founder Carson Block was speaking at a conference in London. Block singled out Olam, saying his firm was unable to reconcile the company’s capital expenditures with its announced projects.

via Business feed http://www.scmp.com/business/money/money-news/article/1087435/muddy-waters-takes-deeper-aim-olam-letter