Investigation into Wirecard’s Accounting Practices

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