Searches for Dax-listed company Wirecard according to Bafin-display

The payment processor Wirecard does not come to rest. After a display of the financial Supervisory authority Bafin the office of the public Prosecutor on Friday has the business premises of the Dax-group searches.

There is a suspicion “that the person responsible for the Wirecard by the Ad-hoc communications from the 12.03.20 and 22.04.20 misleading signals as to the market price of shares of Wirecard AG could have,” said a spokeswoman for the competent public Prosecutor’s office Munich I was. Previously, the “Handelsblatt had reported that” about it.

The company confirmed in the evening in Aschheim near Munich, is the searches. “The investigations are not directed against society, but against their Board members,” said Wirecard more. The Board was “confident that the facts will be made clear, and the allegations will prove unfounded”.

On the stock exchange not made for sedation. The share price of Wirecard broke on the trading platform trade gate in a first reaction to twelve percent. After that, the loss was reduced to about 6.6 percent.

Determined is Accused, according to the Prosecutor’s office against the Board of Directors of the group and, thus, four. It is the suspicion of market manipulation. For further information, wanted to make the authority.

Bafin had previously taken the statements of the payment service provider prior to the publication of a special audit report under the microscope. It was examined, therefore, whether it has been given prior to misleading information. “As soon as we find evidence, we will provide, without delay, a criminal complaint at the Prosecutor’s office”, had Elisabeth Roegele, Head of Bafin’s securities supervision emphasizes, on Tuesday.

In the case of the Dax group of a special audit to accounting fraud allegations, the Central questions were, according to the statements left unanswered. The auditing firm KPMG reported in its report on the fiscal years 2016 to 2018, that essential documents were missing, mainly the business with third-party companies that process payments on behalf of Wirecard. Therefore, the KPMG auditors were unable to determine whether the corresponding reservations on the actual sales meet.

Wirecard rejects that sales and customer relationships are manipulated. CEO Markus Braun had always claimed, the balance sheet, revenues and customer relationships from these transactions with third-party partners be authentic. The Dax-listed company carries out in countries where the company does not own any licenses for this, transaction volumes on third-party partners. The transparency around these proceeds, it had been given in a series of articles in the British business newspaper “Financial Times” critique.

Wirecard is already longer because of Doubts as to its business practices under pressure. The company had launched in October a special audit of the books for the years 2016 to 2018 by KPMG. The end of April published report could not dispel all the doubts. The submission of the audited Figures for 2019 the company has two weeks on the 18 June moved.