Adler Group sees itself largely relieved after a special investigation

Berlin The real estate investor Adler Group sees itself relieved of the allegation of systematic fraudulent transactions. KPMG Forensic had presented Adler with the final report on the results of the comprehensive special investigation into the allegations by Viceroy Research LLC, Adler announced late Thursday evening. KPMG Forensic did not find any evidence that there had been any systematic fraudulent transactions or transactions that plundered the company with allegedly related persons. “However, KPMG Forensic found deficiencies in the documentation and in the processing of some transactions,” it said.

The British short seller Fraser Perring had accused the group last year, among other things, of deception and financial misrepresentation. A network has benefited from transactions at the expense of shareholders and bondholders, and there are deficiencies in the valuation of real estate. As a result, the Adler Group involved KPMG.