Wirecard shares plunge after new FT report alleging fintech company inflated sales

FRANKFURT - Shares in German payment processing firm Wirecard plunged on Tuesday after the Financial Times published new documents alleging accounting irregularities.

But the financial broadsheet published on Tuesday internal communications and financial reports it alleged contained"strong indications" that hundreds of millions of euros of payments processed for some Wirecard clients"could not have taken place".

The same month Munich prosecutors said they were investigating a FT journalist over the reports, and in March Bafin filed charges against unnamed people over alleged market manipulation to undermine Wirecard's share price.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to watch: F&N, Tuan Sing, Yoma Strategic, GKE Corp, Hatten Land, ASL MarineSINGAPORE - The following companies saw new developments that may affect trading of their shares on Monday (Oct 14):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Singapore property investment sales more than double to $16.7b on quarter: ReportSINGAPORE - Real estate investment sales in the third quarter more than doubled to $16.74 billion from $6.7 billion in the previous quarter, on the back of big ticket office transactions.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »