The construction site of the Steglitzer Kreisel high-rise in Berlin is making little progress. Responsible is the Adler subsidiary Consus.
(Photo: imago images/Dirk Sattler)
Dusseldorf, Berlin The Luxembourg housing group Adler Group is coming under even more pressure: when evaluating the company’s development projects, there are contradictions and allegations of deals with allegedly related parties. So far they have not been cleared.
These preliminary results were brought to light by a special investigation by the auditing firm KPMG, which Adler commissioned last fall to counter allegations by short sellers. The new Adler Board Chairman, Stefan Kirsten, informed the markets of this on Thursday evening at 7:47 p.m. in an ad hoc announcement.
The trigger for the special investigation was an attack by British short seller Fraser Perring. In October, he accused Adler of fraud, manipulation and deception of lenders in his dossier entitled “Bond Villains”. The group had completely rejected the allegations at the time and announced a detailed reply.
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