Nigerian fintech, Tingo Group, says the allegations made by Hindenburg research group are false and a deliberate attempt to damage its reputation. The company has also appointed an International law firm, White & Case LLP, to manage the situation.
Tingo Group, a NASDAQ-listed agri-fintech company accused of being an “exceptionally obvious scam” by the Hindenburg research group, has publicly denied all the claims. In a press release shared on its website, the company said, “Tingo categorically refutes all the allegations and misinformation outlined in a report published by Hindenburg Research earlier today,” the statement reads in part. “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.”
In another press release, Tingo also announced that it has engaged White & Case LLP, a leading…
