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Investigation into Wirecard’s Accounting Practices
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Investigation into Wirecard’s Accounting Practices

Investigation into Wirecard’s Accounting Practices

Fintech Nexus Staff·
EuropeFintechNews Roundup
·Feb. 5, 2019·1 min read

Wirecard has announced that an external law firm is investigating accounting manipulations by a member of the company’s finance team in its Singapore operations; Last week Wirecard’s share price fell 35% on the news and Wirecard engaged with an external law firm which found “serious offenses of forgery and/or of falsification of accounts”; Wirecard’s CEO noted the matter was a “non-event” and that the issue would be resolved soon. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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