US-Based Company, Tingo Group Debunks Investigation Report On ‘Billionaire’ Founder, Dozy Mmobuosi’s Alleged Fraud | Sahara Reporters

  • 📰 SaharaReporters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Tingo Group headquartered in New Jersey, United States of America, has debunked the investigation report by Hindenburg Research in which the company founded and spearheaded by “Dozy” Mmobuosi, CEO, is said to be an exceptionally obvious scam with completely fabricated financials. The investigation report had revealed that Tingo Group claims to have several business segments focused on providing mobile phones, food processing and an online food marketplace for farmers primarily located in Nigeria.

US-Based Company, Tingo Group Debunks Investigation Report On ‘Billionaire’ Founder, Dozy Mmobuosi’s Alleged FraudThe investigation report had revealed that Tingo Group claims to have several business segments focused on providing mobile phones, food processing and an online food marketplace for farmers primarily located in Nigeria.

Dozy is regularly described by the media as a billionaire and reports about him went viral this year when he attempted to buy Sheffield United, a football club in England which has just gained promotion to the Premier League. Tingo stated that “The report, which contains numerous errors of fact, together with misleading and libellous content, appears to be a deliberate attempt to undermine the positive work that Tingo Group is undertaking across various worldwide markets.”

“The Company can confirm that no attempt was made by Hindenberg Research to verify the allegations or otherwise make genuine inquiries concerning the information provided in the report prior to its release.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tingo's stocks tumble amid fraud allegationsThe accusations by the short-seller sent Tingo Group’s share price crashing by roughly half on Nasdaq as investors’ confidence sank.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Report: How Nigerian businessman Mmobuosi lied about his credentials, ran fraudulent company | TheCableHindenburg Research, a U.S. investment research firm focused on activist short-selling, has accused Tingo Group, a fintech company, of being an “exceptionally obvious scam with completely fabricated financials”
Source: thecableng - 🏆 2. / 80 Read more »

Nigerian Bottling Company champions sustainable plastic waste practices to mart 50th World Environment Day | TheCableIn observance of the 2023 World Environment Day, leading consumer packaged goods company and member of the Coca-Cola Hellenic Bottling Company (CCHBC), Nigerian Bottling Company (NBC) Ltd. has reaffirmed its
Source: thecableng - 🏆 2. / 80 Read more »