Nov 30 (Reuters) – Luxembourg-based commercial landlord
CPI Property Group said on Thursday that it has
commenced an internal audit and engaged a law firm to review the
company’s governance procedures, compliance policies, and
allegations raised by short seller Muddy Waters.
Short-selling hedge fund Muddy Waters last week disclosed
its bet against the credit of CPI Property Group sending a key
bond of the company to fall by most on record.
(Reporting by Akanksha Khushi in Bengaluru)
