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Bloomberg
Adler Group SA said it had commissioned a review of 800,000 documents originally withheld from its forensic audit and found no evidence of related-party deals.
The German landlord said the review conducted by a law firm was investigating whether there was anything incriminating in the emails, calender entries and documents that had been withheld from KPMG’s probe, according to a statement Tuesday. Adler did not disclose who had completed the review on its behalf.
Adler has been roiled by short seller allegations and a memo sent to its lenders by a former associate of Cevdet Caner, the tycoon accused of pulling the strings behind the company.
The firm and Caner denied the charges and the landlord commissioned KPMG to conduct a forensic audit that cleared the company of systemic fraud, while failing to disprove all of the points leveled.