Catalyst-owned Callidus refutes WSJ whistleblower report
Canadian specialty lender Callidus Capital Corp has denied recent allegations made in a Wall Street Journal story about the firm and its majority investor, Catalyst Capital Group. The story said whistleblowers filed statements with Ontario regulators accusing Callidus and Catalyst of fraud. The firms are accused of inflating the value of assets and deceiving borrowers on the terms of loans. Callidus said it "knows of no legitimate basis for any whistleblower complaint" and called the Wall Street Journal story "completely false." It added that the individuals behind the complaints may be abusing the whistleblower process.
10 August 2017•4 mins read
