In the last few days, there has been a Europe-wide raid at the Adler Group over the suspicion of balance sheet falsification and market manipulation. The German public prosecutor's office announced that 175 law enforcement agents searched 21 properties in various countries. Likely, the allegations made by short-seller Fraser Perring and his Viceroy back in 2021 will prove true. Adler Group is connected to the Austrian real estate gambler Cevdet Caner.
Since 2021, listed German real estate firm Adler Group has been under fire from short-sellers at Viceroy Research and Fraser Perring. In their analyses, Adler Group is described as a fraudulent scheme that the Austrian Cevdet Canar would control. In July 2022, Caner became the head of Aggregate Holdings SA, one of the largest shareholders of Adler Group. Caner already has a wild entrepreneurial past with several bankruptcies and criminal proceedings. Here is his portrait.