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Singapore fintech Triterras has disclosed that its previous auditor, Nexia TS, raised doubts over whether its sales transactions or trade receivables were valid. Triterras, which operates blockchain-based trade finance platform Kratos, says in a filing with the US Securities and Exchange Commission (SEC) that Nexia “had a disagreement with the company on the auditing scope ...
Trade finance platform Triterras is seeking to overturn Nasdaq’s decision to delist its securities from the US stock exchange, which was taken after the company repeatedly failed to file audited annual accounts. The New York-based exchange had informed Triterras on December 10 that trading of its shares would be suspended within 15 days, and that ...
Troubled commodities trader Rhodium Resources lost insurance cover totalling more than US$580mn last year, leaving it unable to pay creditors and facing the threat of insolvency, court documents reveal. Singapore-headquartered Rhodium fell into serious financial difficulties in August 2020, according to documents submitted to the city-state’s High Court in December that year by its chief ...
Companies linked to Singapore trade finance platform Triterras have sought to take control of several insolvent traders in India, despite historic accusations of fraud against those firms, documents show. Corporate registry information and stock exchange filings show that two Hyderabad-based trading companies – Sujana Universal and Splendid Metals – have already been taken over by a Triterras-related company in recent ...
Two directors have stood down from the board of Singapore-based fintech Triterras following a disagreement over the company’s response to allegations of related party transactions. Triterras says in a regulatory filing to the Securities and Exchange Commission (SEC) that Matthew Richards and Vanessa Slowey resigned as directors on April 22. The duo have also terminated their membership of the company’s audit and compensation committees. Richards’ resignation letter, addressed to Triterras chief executive and chairman Srinivas Koneru, says the decision was taken after a meeting of the bo...