Freedom Holding auditors ‘recently fined and banned from PCAOB,’ Citron says

Citron Research issued a short report on its site, in which the firm says in part: "Freedom Holdings has faced criticism for their questionable business practices, including their IPO model, Potemkin board of directors, and lack of oversight. Despite this, the stock of Freedom Holdings remains at an elevated level due to CEO Timur Turlov’s concentration of ownership and ability to manipulate the price through multiple related party trading arms and hedge funds, similar to what was seen with FTX/Alameda Research. While there are concerns about Freedom Holding’s declining KPI and valuation compared to established Kazakh-based financial institutions, the most pressing issue is the potential violation of sanctions and related party transactions involving FTX/Alameda… While Freedom Holdings appears to have sold their Russian operation, Freedom Finance, their version of Alameda continues to operate under the sole ownership of Timur Turlov." Reference Link