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General

Wirecard accused of inflating sales and profits - report

Tuesday 15 October 2019 | 11:26 CET | News
Digital financial services provider Wirecard may have inflated its own sales and profit figures, according to the Financial Times, citing internal documents. The FT noted that investigators raided the company's offices in Singapore earlier this year, in connection with allegations that sales and profits were invented at numerous subsidiaries across Asia. Edo Kurniawan, the company's head of international reporting, was named among six suspects. In response, chief executive Markus Braun dismissed the problems as a local difficulty, with little financial impact. Braun blamed the company's fast

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Categories: General
Companies: EY / Wirecard
Countries: World
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