Wirecard’s Missing Executive Played Alleged Role in India Deals
- Civil lawsuits brought over disputed valuations, advisory fees
- Cases allege ex-COO involved in two Indian transactions
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A pair of Indian lawsuits allege Wirecard AG’s former Chief Operating Officer played a central role in deals that were later mired in disputes over valuations and unpaid fees.
In one of the civil cases, the previous owners of Indian payments company Hermes I-Tickets Private Ltc., are suing former COO Jan Marsalek alongside Wirecard over allegations it made false claims about how much it paid to them at the time. The suit alleges Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund called Emerging Market Investment Fund in 2015.