Adler Group sees itself largely relieved after a special investigation

Dusseldorf, Berlin In a special investigation, the auditing firm KPMG was unable to refute all allegations made by the British short seller Fraser Perring against the real estate investor Adler Group. However, according to its own statements, the Adler Group sees itself relieved of the central allegation of systematic fraudulent transactions. The full KPMG report is available online.

KPMG found no evidence that there had been any systematic fraudulent transactions or transactions that plundered the company with allegedly related persons, the group announced late Thursday evening. At the same time, however, he admitted that the auditors had found deficiencies in the documentation and in the processing of some transactions.