Prem Watsa, Chairman and CEO of Fairfax, rejected all accusations presented in the Muddy Waters report, labeling them as false and misleading.
Key officials of NMC Group, the biggest healthcare company in the Middle East, maintain that UAE, and not England, is the proper forum for the fraud claim which has 19 million documents.
Shares of Sino-Forest went into another tailspin on Tuesday as the Chinese timber plantation operator struggled to fight a short-seller's allegations that its finances are a fraud.