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Olam Cleared in Multi-Billion Fraud Probe: A Triumph

Olam Group's audit committee has found no evidence of fraud in its Nigerian units, relieving damaging allegations. The company remains focused on its long-term goals and seeks opportunities for growth in Nigeria

by Mark Eisenberg
Mon, Feb 19, 2024 5:40am
in Business
• 2 mins read
14.8k
Olam Cleared in Multi-Billion Fraud Probe: A Triumph | FinOracle
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Olam Group Audit Finds No Evidence of Fraud in Nigerian Units

Olam Group, the Singapore-listed agricultural commodities company, has announced that an audit and risk committee has concluded its investigation into allegations of a multi-billion dollar fraud by its Nigerian units and found no evidence to support the claims. The committee conducted the review with the assistance of external counsels and independent external accountants.

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