MONTEVIDEO : Uruguayan digital payment firm dLocal has received an information request from Argentine authorities and plans to respond by a June 6 deadline, a co-founder said, after news about an alleged fraud probe hit the stock last week.The tech 'unicorn' took a hit on Friday after Argentine news outle
MONTEVIDEO : Uruguayan digital payment firm dLocal has received an information request from Argentine authorities and plans to respond by a June 6 deadline, a co-founder said, after news about an alleged fraud probe hit the stock last week.
"So far we have only received a request for information, which we will of course answer in time," Fogel said."We are confident that we will receive a clean bill after this." U.S. short-selling firm Muddy Waters also criticized dLocal in a report in November, citing"red flags" and accounting discrepancies in its balance sheet, triggering a sell-off that dragged the fintech's U.S.-listed shares down over 50 per cent.
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