"How do I account for all these?"

Muddy Waters vs Olam + Temasek: An issue that warrants a look

As a writer, I relish the many ways I can pun the headline when commenting on an issue such as this. As a Singaporean, I’m not sure this is the time to get all nationalistic about it. Here’s a summary if you haven’t been following the saga. It started on November 19 when California-based research firm Muddy Waters and its owner Carson Block raised serious questions at a London investment conference about the accounting practices of Singapore-listed commodities trader Olam. Likening it to Enron, Muddy Waters accuses Olam of accounting gaffes and running a high risk of failure, and is adamant that…