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Noble's shareholders overwelmingly approve its accounts

Noble's shareholders overwelmingly approve its accounts
Noble Group’s shareholders overwhelmingly voted to approve the company’s accounts on Friday, following recent allegations of improper accounting.

At its agm in Singapore 99.92% of Noble’s shareholders voted to approve its audited accounts.

Noble’s accounting policies have come under fire over the last few months from anonymous blogger Iceberg Research and more recently short seller Muddy Waters.

In his first public comments on the issue Noble chairman Richard Elman rejected all allegations made by Iceberg Research as inaccurate, unreliable and misleading, Reuters reported.

"We consider the Iceberg matter finished," said Elman, adding that nothing Noble has done has violated accounting rules.