NEW YORK, Oct. 20, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a leading securities law firm, announces an investigation into Joint Stock Company Kaspi.kz (NASDAQ: KSPI) for potential violations of the federal securities laws. On September 19, 2024, Culper Research issued a report entitled “Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money for Criminals and Kleptocrats.” In this report, Culper announced it was “short Kaspi, the operator of the largest payment network and second largest bank in Kazakhstan. Further, Culper announced its “research exposes this grave deception: we believe that not only do Kaspi’s relationships with Russian partners permeate every segment of its business, but that in the wake of Russia’s February 2022 invasion of Ukraine and into 2024, Russia has contributed materially to Kaspi’s reported growth.
Author: The Rosen Law Firm PA
Published at: 2024-10-20 21:56:00
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