Olam Cleared in Multi-Billion Fraud Probe: A Triumph

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.