Short Seller Attack

Nasdaq-listed Tingo denies ‘scam’ claims from short-seller Hindenburg Research

By David Whitehouse

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Posted on June 12, 2023 11:37

Nigerian businessman Dozy Mmobuosi
Nigerian businessman Dozy Mmobuosi (rights reserved)

Nigerian agri-fintech Tingo Group, which trades on Nasdaq in the US, has denied claims from short-seller Hindenburg Research that the company is a “scam” with “fabricated financials”.

The company “categorically refutes all the allegations and misinformation” from Hindenburg, it said in a statement. Tingo adds that “no attempt” was made by Hindenburg to verify the allegations or otherwise make genuine inquiries” about the information in its report of 6 June.

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