July 1, 2019 – SEC withholds FOIA documentation as it could reasonably be expected to interfere with enforcement activities, and disclose identities of confidential sources and whistleblowers. Report Download Link On December 11, 2018, Viceroy released our preliminary report on Ebix Inc. (NASDAQ:EBIX), within which
May 7, 2019 – For completeness, please find Ebix’s legal letter to Viceroy, dated April 1, 2019, below: Ebix Legal Letter to Viceroy – April 1, 2019 We are responding to Ebix’s claims in full on twitter: www.twitter.com/viceroyresearch
JANUARY 7, 2019 – Ebix has characteristically ramped its press-release flow since the publication of Viceroy’s initial report and continued its acquisition spree. This report concerns management’s disregard for corporate governance, lack of transparency and due diligence. Report Download Link Ebix Inc (NASDAQ: EBIX) have
Publicly available financials suggest the Robin Raina Foundation shares similar financial discrepancy issues and poor disclosure practices as Ebix. Report Download Link One of the Ebix’s CEO’s biggest self-promotion points is his commitment to charity. Kudos. As part of our due-diligence process, Viceroy has conducted
DECEMBER 13, 2018 – Ebix’s Mumbai office was “searched” by Indian tax authorities in Q3 2018. In other news, CEO Robin Raina claims Ebix has never “been on the wrong side of any regulatory or tax authority”. The Taxman Cometh – Report Download Link Viceroy
Accounting irregularities, undisclosed tax investigations, auditor shuffling, poison pill to protect short sellers: welcome to Ebix. DECEMBER 11, 2018 – Following on from our presentation of the same title, Viceroy are releasing our preliminary report on Ebix, Inc (NASDAQ:EBIX). Our investigation has uncovered accounting discrepancies
The Alchemy of Creating Profits Ebix Presentation – Download Link Viceroy’s presented Ebix at the Kase Learning Conference on December 3, 2018. We will shortly release a full report into our findings. Summary red flags: Change in business model (IT providers to insurance v. finance
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