FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder/File Photo
FRANKFURT (Reuters) – The investor TCI Fund Management said on Tuesday that it has filed a criminal complaint against Wirecard managers with public prosecutors in Munich.
A recent independent audit by KPMG, along with reporting by the Financial Times and WirtschaftsWoche, “reveal anomalies that may have criminal relevance”, it said.
Wirecard, which has repeatedly denied allegations including accounting irregularities and disclosures violations, said TCI’s complaint was “completely unfounded”.
TCI has disclosed that it has net short positions against Wirecard stock, a bet that the shares will fall.
“TCI is not a shareholder of Wirecard AG, but is active as a short seller,” Wirecard said, adding that the filing is a “purely tactical…
Source Reuters Tech News
Source link
