MUNICH, July 9 — German state prosecutors are investigating Wirecard for suspected money laundering, a spokeswoman for the Munich prosecutor’s office said today. “We are investigating suspected money laundering,” the spokeswoman told Reuters, saying the inquiry was directed at individuals...
Wirecard filed for insolvency last month owing creditors almost US$4 billion after disclosing a €1.9 billion hole in its accounts that its auditor EY said was the result of a sophisticated global fraud. — Reuters pic
“We are investigating suspected money laundering,” the spokeswoman told Reuters, saying the inquiry was directed at individuals from Wirecard. She said it followed a number of criminal complaints this year and last.The implosion of what was seen as a German success story once worth US$28 billion has caused major embarrassment with experts and politicians criticising what they see as a hands-off approach on the part of the authorities.
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