What worried us most… they did not give credit; they cut and pasted, and presented it as their own…— Bonang Mohale, Business Leadership South Africa
There are great chunks of text that are identical, as well as numbers and tables that are the same.— Stuart Theobald, Intellidex
Research firm Intellidex on Thursday released a report, accusing controversial short-seller Viceroy of “substantially plagiarising” its report on Steinhoff and adding “negligible” original content.
Viceroy calls the allegations “ridiculous”, but failed to address the plagiarism accusation directly.
Fraser Perring, the founder of Viceroy, was disbarred as social in the UK four years ago for misconduct and dishonesty, according to Intellidex Chairperson Stuart Theobald.
BLSA commissioned the report into Viceroy.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
They have the power to move the stock…— Bonang Mohale, Business Leadership South Africa
Our regulations clearly are inadequate… by simply saying there’s a report on a company; that destroys value…— Bonang Mohale, Business Leadership South Africa
Our regulatory regime is still catching up…— Stuart Theobald, Intellidex
In Viceroy’s work… there are some falsehoods that no reasonable person could’ve thought was true…— Stuart Theobald, Intellidex
The desired outcome is to have 57 million South Africans who can make informed decisions…— Bonang Mohale, Business Leadership South Africa
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