Friday, April 26, 2019
Home Business Report: Brisante testimony statement in the Wirecard case

Report: Brisante testimony statement in the Wirecard case

The price turbulence of the payment processor Wirecard is now a criminal case. According to a report by the Frankfurter Allgemeine Zeitung (Thursday issue), the public prosecutor's office in Munich should be aware of the explosive testimony of a short seller.

The witness allegedly admitted to have been informed in advance when the "Financial Times" reported on Wirecard in its online edition. Thereafter, the Wirecard share lost considerable value in a short time. Whether it is determined against the man as the accused is unclear. A spokeswoman for the public prosecutor's office Munich I stated on request of the FAZ that she could not comment on the ongoing investigations.

Initially, the prosecutors had seen no reason for preliminary investigations around the company from Aschheim near Munich. In the meantime, however, the authority has initiated a preliminary investigation for unknown market manipulation. However, there is no initial suspicion against the top management.



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