With their conference call scheduled later today, OnMobile Global has issued a detailed "Recently Asked Questions" update, looking to preemptively answer questions which might otherwise have come up on the concall. The concall will be at 4pm today, and we'll report live from it (except for the parts where we are asking the questions, if allowed). Here's an overview (you can read the entire document here): What happened, and what the review found - The company came across three transactions that had been initiated under the advice of Arvind Rao which "did not have adequate business justification". One of these transactions was with an entity related to Rao." - A review by Amarchand Mangaldas and KPMG did not establish any evidence of commission of any embezzlement or other offences by Rao or other employees of the Company. - "(i) the…
