Hong Kong’s Noble Group has taken further legal steps against the people it views are behind its “malicious allegations”, namely Iceberg Research.
The Singapore-listed commodities giant has filed a summons to compel Arnaud Vagner & Enlighten Ace Limited, who Noble claims is behind Iceberg Research to file their lists of documents and allow inspection of all discovery documents as Noble gears up for a legal tussle with its arch critic.
It was Iceberg Research that in February this year began reports criticising Noble’s accounting practices, often comparing the group to Enron. The reports gathered steam and have seen Noble’s share price slashed by more than half this year.
At an investor day convened in Singapore this Monday senior Noble management said they were keen to pursue the authors behind Iceberg Research in court.