Wirecard

German Watchdog Investigates Payments Company Wirecard

German Watchdog Investigates Payments Company Wirecard

FRANKFURT (Reuters) – Germany’s financial watchdog BaFin said on Tuesday it was conducting multiple investigations into Wirecard (WDIG.DE), sending its shares lower and adding to pressure over allegations it has denied. At 1309 GMT, Wirecard’s shares were 3.3% lower, making them the biggest faller on the German blue-chip index.

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Wirecard’s Suspect Accounting Practices Revealed

Wirecard’s Suspect Accounting Practices Revealed

From inside its grey corporate headquarters in Aschheim outside Munich, Wirecard projects an image of one of Germany’s leading business success stories, a fintech champion to rival software giant SAP.

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Probe Into Wirecard Deal With Chennai Firm Likely

Probe Into Wirecard Deal With Chennai Firm Likely

The purchase took place just weeks after the company had been sold for 40 million, the filings said. Mumbai: The deal involving acquisition of a Chennai-based based payment processing company by German firm Wirecard may come under the scrutiny of Indian tax authorities.

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Wirecard AG: Something Is Terribly Wrong Here

Wirecard AG: Something Is Terribly Wrong Here

After the Financial Times published a pair of whistleblower-driven exposes that suggested some of Wirecard’s parabolic growth in the Asia-Pacific region was the result of a purported multi-year revenue inflation scheme, anyone wanting to understand the kettle the German payments company finds itself boiling in would do well to observe the timeless .

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