Olamhas launched a libel suit against Muddy Waters and its founder, Carson Block, sharply escalating its dispute with the investment firm.
The suit, filed in Singapore yesterday, adds to the acrimonious war of words between one of Asia’s largest agribusinesses and the US firm, one of the best-known shortsellers.
Olam said it had initiated the action based on “libel, slander and malicious falsehood”.
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