Ebix Inc (NASDAQ:EBIX)'s accounting was questioned by Gotham City Research in a report released several days ago. The SEC Ebix fell close to 25% on the report from Gotham City. Ebix Inc (NASDAQ:EBIX)'s accounting has supposedly been questioned by the SEC according to a report from November 2012. issued a rebuttal on every point raised by the research firm. Now Gotham has a follow up report on the company.
In this follow-up report, they discuss how:
- Ebix Singapore & Ebix Australia’s financial statements for 2009 do not support CEO Robin Raina’s claim that an intercompany loan to Australia was moved to Singapore in 2009.
- The 2010...
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