Wirecard Managers Aware of Transactions in Fraud Probe, FT Says
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Wirecard AG executives in Germany allegedly approved potentially fraudulent transactions totaling 2 million euros ($2.3 million), according to a report by the Financial Times.
Citing documents including invoices and messages, the FT reported that in March 2018 four payments of 500,000 euros were transferred from Germany to a Singapore account and that those transactions are at the center of a fraud investigation by Singapore police. Wirecard generated about 2.1 billion euros in sales last year.