Olam shares halted, media reports say Muddy Waters questions accounting

Singapore commodity trading firm Olam International asked for its shares to be halted from trading. 

This, after media reports quoted short-seller Muddy Waters' Carson Block as saying he was betting against the company after questioning its accounting practices. 

Olam said trading in its shares was suspended pending a clarification. 

An external spokeswoman for Olam said the company was preparing a response to the media reports. 

Last week, Olam reported a 26 percent rise in first-quarter net profit, spurring a rally in its shares.