Short Seller Who Flagged Steinhoff Oddities Steps Forward

  • Ex-social worker says he’s the founder of Viceroy Research
  • Big U.S. banks disclosed more than $1 billion of loan losses
Bloomberg’s Ed Hammond reports on the short seller who found financial irregularities with Steinihoff International.(Source: Bloomberg)
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The mysterious short seller who flagged financial irregularities dogging Steinhoff International Holdings NV has stepped out of the shadows.

Fraser Perring, a former British social worker who founded Viceroy Research, said in an interview Wednesday in New York that he and colleagues Gabriel Bernarde and Aidan Lau were putting finishing touches on a research report questioning Steinhoff’s financials when the South African retail giant said Dec. 5 it would conduct a probe of its accounting.