Wirecard intends to sue newspaper

The German payment service provider wants to sue the newspaper Financial Times. The the a spokeswoman for the company said. Reason, reports the newspaper over allegations of fraud and money laundering against a Wirecard subsidiary in Singapore. According to the Reports, the Wirecard AG stock had lost two-Time massive value. the By Harald Freiberger Harald Freiberger

Born in 1962 in Dingolfing, Germany, studied journalism in Munich. 13 years at the evening newspaper in Munich, most recently as head of economic. Since 2008, the SZ, first as a sheet maker for money, from 2009 to 2015 as a correspondent for banks in Frankfurt. Since then, again in Munich. Topics. send an email

another report from the Financial Times was the share of the payment processor Wirecard on Thursday for the third Time in a short period of time to break in. The paper fell by up to 19 percent on 104,85 EUR. The company rejected the allegations again. In addition, it wants to sue the business paper now. "We will act against ,the Financial Times,' legally," said a spokeswoman for the SZ. According to reports, the violation of the privacy rights of employees identified in the Reports by name.

in Addition, it has provided to Wirecard at the Prosecutor's office of Munich I display, because of possible price manipulation. The authority will work closely with the financial Supervisory authority, Bafin, which is investigating the case, said the chief Prosecutor Hans Kornprobst. Against the persons Responsible for Wirecard shall not be determined: "We do not have sufficient initial suspicion."

Already in the last week, the paper was according to two Reports in the Financial Times by up to 20 per cent, and at other times by up to 30 percent in favor. In the meantime, the company listed in September in the German stock index Dax has lost, the stock market of around eight billion euros in value.

executives in Germany should have known of the processes

In the new report, the newspaper provided further Details to allegations of fraud and money laundering against a Wirecard subsidiary in Singapore. Accordingly, the Asia competent chief financial officer of Wirecard has shown six colleagues in Singapore, how they could manipulate their own books, in order to convince the authorities in Hong Kong to give Wirecard a license. He got fooled in a payment carousel sales with customers. It was also important to meet internal earnings targets, it said in the report. From documents of the newspaper were available, showed that two of the leaders in Germany of the practice "at least a little knowledge".

"Nothing in today's report is true," said Wirecard. On Monday, CEO Markus Braun had declared its own investigation and the audit of a law firm would have brought no evidence at all for a criminally relevant misconduct.