Good morning to all the Americans. Our big story today is about suspect accounting at the German technology group Wirecard, and it is free to read. https://www.ft.com/content/19c6be2a-ee67-11e9-bfa4-b25f11f42901 …pic.twitter.com/BvaDIQbNqY
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And ICYMI - Wirecard’s responses to our questions on its statement last week are in the story herehttps://www.ft.com/content/eeb18c70-f3ce-11e9-a79c-bc9acae3b654 …
A reminder of what we wrote in April about Wirecard's largest business, the Dubai one overseen by EY from Germany as there was no local auditor. https://www.ft.com/content/a7b43142-6675-11e9-9adc-98bf1d35a056 … Wirecard has said "in general, all revenues related to CardSystems do flow through [its] bank accounts."pic.twitter.com/spOev1Mxox
Marcus Braun went on CNBC today to address some of the questions raised by our story https://www.cnbc.com/video/2019/11/06/confident-in-outcome-of-singapore-investigation-into-wirecard-ceo.html …? He's "completely confident all merchant relationships are authentic", and said the KPMG special audit was "to give the market comfort about what we already found out".
Suddeutsche examines Wirecard's explanations for why the books weren't cooked: "a series of concrete questions to which Wirecard does not reply in such a concrete way."https://www.sueddeutsche.de/wirtschaft/dax-konzern-groesstmoegliche-verwirrung-1.4709469 …
It is just the beginning. You will be locked up in jail soon
Yikes! Keep up the great work Dan.
Happy to correct you. It's 200k.pic.twitter.com/DXKYCJguGw
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