Wirecard Sees No Conclusive Evidence of Fraud as Police Start Probe
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Wirecard AG expects an investigation by an outside law firm to dismiss concerns of accounting breaches and validate conclusions already made by an internal inquiry, as it looks to move past fraud allegations.
The digital payments company will publish the key findings of Singapore-based firm Rajah & Tann when the full report is finalized “in the very near future,” Chief Executive Officer Markus Braun said Monday on a conference call. The company’s internal compliance department determined that the allegations were “unfounded. Full stop.”