FILE PHOTO: The headquarters of Wirecard AG, an unbiased supplier of outsourcing and white label options for digital fee transactions is seen in Aschheim close to Munich, Germany April 25, 2019. REUTERS/Michael Dalder
FRANKFURT (Reuters) – Legislation agency Schirp stated on Monday it was making use of for a particular audit of German funds firm Wirecard, which is dealing with allegations of fraud and false accounting, on behalf of its shareholders.
Wirecard was hit a 12 months in the past by allegations within the Monetary Occasions that its Singapore workplace made pretend book-keeping entries to ‘pad’ its revenues. In-house auditor EY investigated these claims and gave Wirecard administration a clear invoice of well being. The corporate denied the allegations and sued the FT, which stands by its reporting.
Thomas Eichelmann, the board member overseeing an out of doors audit of Wirecard, has been elected as chairman after Wulf Matthias, 75, resigned for private causes, Wirecard stated in assertion on Friday.
Reporting by Patricia Uhlig; Writing by Michelle Martin; Enhancing by Thomas Seythal