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Singapore Police Looking Into Wirecard Amid Fraud Allegations

  • Singapore law firm says can’t comment due to “sensitivities”
  • Wirecard shares have plunged over 30 percent in past week

Singapore police are examining matters related to Wirecard AG, the German digital payments company whose shares have crashed amid allegations of executive forgery and fraud involving its Singapore office.

The police “are looking into the matter,” a spokeswoman for the force said Monday in an brief emailed reply to questions from Bloomberg News. Separately, the Singapore law firm Rajah & Tann LLP, one of Wirecard’s legal advisers, said it is unable to comment about the company because of “sensitivities.”