logo
Plus   Neg
Share
Email

Wirecard Rejects Financial Times' Allegations - Quick Facts

Wirecard AG (WRCDF.PK) said the article published by the Financial Times is a compilation of a number of false and misleading allegations against the company. The Group noted that Financial Times had raised similar defamatory articles earlier also, which were fully refuted. Wirecard said the 34 company names mentioned by the Financial Times refer to labels of customer clusters created for reporting and reconciliation purposes, each containing hundreds of individual genuine merchants.

Wirecard said the group auditor Ernst & Young GmbH, Germany, confirmed that they have complied and will comply with all statutory and professional audit standards.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A California court ruled that Uber and Lyft must classify their drivers as employees in a preliminary injunction issued on Monday. However, the court has stayed the injunction for 10 days to allow the ride-hailing service providers to appeal the decision. Hyundai Motor has launched a new IONIQ brand dedicated to battery electric vehicles, as the automaker is accelerating its efforts to gain a share in the fast-growing global EV market. Under the IONIQ brand, Hyundai plans to introduce three new dedicated electric vehicle models over the next four years. Hyundai is South Korea's largest automaker. Amazon.com, Inc. is in talks with mall operator Simon Property Group, Inc. to use the abandoned anchor departmental stores of JC Penny and Sears at their malls as fulfillment centers, reports said. This is expected to help the e-commerce giant in boosting their last mile delivery, which is the last leg of the delivery process.
Follow RTT