German financial watchdog BaFin is examining the financial reports of Adler Group. They are one of Germany’s biggest landlords. The spokesperson, confirming a report that first appeared in Handelsblatt, declined to elaborate that further. The accounting investigation follows allegations made against Adler by short seller Fraser Perring’s Viceroy Research. Viceroy Research, in a report published on Oct. 6, 2021, said that Adler Group’s balance sheet has been artificially inflated to a significant degree; its shares are not investible. And that causes the group’s shares to tumble. Adler rejected the allegations. Frankfurt prosecutors are in contact with BaFin about Adler’s finances.
