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Police are searching Wirecard offices in Singapore

The rate of fall of the Wirecard AG stock continues on Friday. The police in Singapore has a branch of the payment processor search. Earlier, the Dax had expressed its intention to sue the Financial Times (FT) because of their Reports.

"has been investigated by The police of Singapore today, the premises of Wirecard in Singapore," said a police spokesman on Friday, the "Financial Times". About ten civil servants had been in the morning, in the Wirecard offices in the city-state, a Situation familiar Person. In addition, employees were the financial structure, as well as to the staff of the Finance teams surveyed. What unit were taken, the Operation performed, or what materials, if any, in the case of the RAID was unclear.

Wirecard announced that it was working with the police in Singapore to settle allegations. Accordingly, the group had been sent on Thursday to the authorities. A government investigation was to such negative media coverage is a normal process, as the Dax companies.

Wirecard cooperates with the police

The internal investigation into allegations about balance sheet irregularities will be continued and the results made public, shared with Wirecard. The payment service provider says its full cooperation with the authorities. On Friday, the company's investigators have handed over in Singapore information. You will work closely with the police.

The allegations against the employees of the company were, according to the Wirecard as unfounded. "Wirecard takes legal action against FT and his unethical reporting," said the Dax group Aschheim near Munich. In the past few days, several reports in the British financial newspaper, about an alleged accounting scandals were brought to the Wirecard share multiple crash, billions in stock market value was destroyed.

share is in free fall

Wirecard has rejected the allegations thus repeated. The investors, however, remain cautious and alert. Wirecard shares fell at midday on Friday again firmly and rustled in the top 21 percent down. Only the day before a critical report by the "Financial Times" the rate for the payment processor to 15 percent of the crashes. The paper was listed on Friday, under 100 euros and I have since become aware of the allegations at the end of January over 45 percent of their value.

for More course information to Wirecard

on Monday, Wirecard CEO Markus Braun had stated that the investigation by the law firm Rajah & Tann in Singapore have so far found no evidence of a criminally relevant misconduct. The audit was nearing completion. Brown expressed the presumption that a feud among employees behind the publications.


source: Wirecard pulling the Dax down Evonik in troubled water police are searching Wirecard offices in Singapore as a ...

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