Shares in German payments company Wirecard AG have whipsawed this year after a series of reports alleging accounting fraud in Asia. The company has repeatedly denied wrongdoing, but investors remain concerned. Germany’s financial regulator temporarily halted short sales of Wirecard’s shares in February, and authorities in the country, as well those in Singapore, are investigating the business. Wirecard has also been drawn into a London lawsuit between former minority shareholders of an Indian business it bought in 2015. From its start, Wirecard has drawn unusual scrutiny.
1. What is Wirecard and what does it do?
Wirecard is a developer of ...
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