ACC says that it will not carry out an independent investigation into its parent company Adani Group. US-based short-seller Hindenburg Research accused the group of stock manipulation and accounting fraud involving a ‘labyrinthine network’ of shell companies in January 2023. Prior to making its accusations, Hindenburg Research obtained a short position on Adani Group. An
Industria Nacional del Cemento (INC) is investigating the large-scale theft of cement from its plants involving company employees. Company president Ernesto Benítez told local radio that at least 10 workers had been stealing around 600 bags of cement on average five times a week to a value of around US$21,000/week, according to the Ultima Hora
A criminal court has found former Cemex Colombia vice president Édgar Ramírez Martínez and fellow former director Eugenio Correa Díaz guilty of fraud, according to El Espactador newspaper. The court found that Ramírez Martínez had committed unfair administration, illicit enrichment and falsification of a private document in the process of obtaining land for use as