It was founded by a British short seller Fraser John Perring together with Australian partners Aiden Lau and Gabriel Bernarde in 2016.
[6] In October 2021, it issued a damning report against Adler Real Estate for inflated valuations and undisclosed related party deals.
In April 2023, it won approval in court, against the opposition of some bondholders, to suspend coupon payments and extend maturities of bonds due in 2024.
[10][11] "Can we have a debate in Government time on the activities of short-selling attack group Viceroy Research and its leader Fraser Perring?
I am told that it is working hand in glove with Boatman Capital, which launched the short-selling attack on Babcock International while it was overhauling our nuclear submarines.