Fairfax refutes charges that Digit was falsely shown to be profitable in 2021
Fairfax, which owns multiple companies in India, has refuted charges that its Indian portfolio company Digit Insurance was falsely shown to be profitable in its annual report in 2021 at an investor conference call on Friday. The call was held to respond to the allegations of short seller Muddy Waters, who has accused the company of asset value manipulation.Fairfax’s Indian-Canadian founder Prem Watsa and the company’s management team answered queries refuting all the allegations of Muddy Waters.Elevate Your Tech Prowess…