Wirecard’s share price has fallen by $10 billion since the FT published a series of reports into an alleged accounting scandal in their Asia-Pacific division.
Wirecard have said that
“We would like to reconfirm that the accusations against employees of Wirecard are unfounded. We are working closely with the Singapore police to clear all allegations.”
quote from this story
& they’re now suing the FT..
Here’s the main story from the FT -
& Germany’s now banned short-selling Wirecard’s shares