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Adler Shareholder Lobby Seeks Special Audit on ‘Irregularities’

  • SdK to ask for review at AGM of Adler Real Estate unit
  • Audit would focus on role of tycoon Cevdet Caner, loans

A group representing shareholders of Adler Group SA is requesting a special audit of its subsidiary ahead of an annual general meeting in a bid to review alleged accounting irregularities.

The request was sent to Adler on behalf of investors led by Schutzgemeinschaft der Kapitalanleger, a German lobby group for shareholders, earlier this week, according to a statement sent to Bloomberg. The motion will be presented at the AGM of Adler Real Estate -- the firm’s subsidiary -- on August 31.