Most recently, Adler had to postpone the presentation of the annual report, which was planned for the end of March, because a special investigation to clarify allegations by a short seller was delayed.
(Photo: Bloomberg)
Dusseldorf, Berlin The allegations by short seller Fraser Perring have been weighing on the Adler Group for months and are depressing the real estate group’s share price. The Briton accuses the real estate group and some of the players in the area of fraud, manipulation and deception. He titled his dossier “Bond villains”.
Adler denies the allegations. In order to eliminate them, the group commissioned the auditors from KPMG. However, their auditors are not the only ones who deal with Adler’s financial data. The financial supervisory authority Bafin has also got involved and is conducting a so-called balance sheet control procedure.
The Handelsblatt learned this from the Frankfurt public prosecutor’s office, which is in contact with the Bafin about this. The financial supervisory authority confirmed the procedure, but did not want to comment on the details.
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