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Shareholders of Singapore-based Noble Group back company after questions on accounting

( April 20, 2015, 02:28 GMT | Insight) -- Shareholders of embattled commodities trader Noble Group have approved the company's annual accounts in the face of allegations of improper accounting, Reuters reported. At Noble's annual shareholders' meeting in Singapore, chairman Richard Elm...Shareholders of embattled commodities trader Noble Group have approved the company's annual accounts in the face of allegations of improper accounting, Reuters reported. At Noble's annual shareholders' meeting in Singapore, chairman Richard Elman staunchly rejected claims made by previously unknown Iceberg Research that Noble had inflated asset values by billions of dollars through aggressive accounting. Shares in the Singapore-listed firm have slumped by as much as 32 percent, or $1.9 billion, in market value since Iceberg issued the first of three detailed reports on it in mid-February. Last week, US investment firm Muddy Waters also unveiled a short position on the company. Noble has denied the Muddy Waters' allegations too....

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