Wolfgang Rattay: Wirecard and Firm

wolfgang rattay: REUTERS/Wolfgang Rattay/File Photo Shares in Wirecard, under pressure since the Financial Times ran the first of a series of investigative reports in January alleging fraud and false accounting at the firm's Asia-Pacific office, rallied by up to 30 percent on the news, according to The Independent. Wirecard had at first rejected the FT's reporting as false, inaccurate, misleading and defamatory . Yet in its final conclusions, Singapore law firm Rajah & Tann did find evidence that crimes could have been committed. A logo of Wirecard is seen on a booth at the computer games fair Gamescom in Cologne, Germany, August 22, 2018. The review ... did not reveal findings of criminality in respect of the headquarters of Wirecard, the company said in a summary of the law firm's conclusions. ROUND-TRIPPING The negative press coverage knocked billions off the value of Munich-based Wirecard, the top German company in the booming fintech sector, months after it ousted Commerzbank from the blue-chip DAX index. Criminal liability may, however, be attributable to individual local employees in Singapore according to local law. (news.financializer.com). As reported in the news.