MUNICH: German state prosecutors are investigating individuals at Wirecard for suspected money laundering, they said on Thursday, adding to probes into alleged fraud, balance falsification and market manipulation at the collapsed firm.
Wirecard filed for insolvency last month owing creditors almost US$4 billion after disclosing a 1.9 billion euro hole in its accounts that its auditor EY said was the result of a sophisticated global fraud. She said the inquiry was directed at individuals at Wirecard after a number of criminal complaints this year and last. She did not name the individuals, nor say how many were being probed. She also did not identify the complainants.Irish police said in a statement they began a search at a financial services provider in Dublin to obtain evidence concerning alleged fraud at the institution and its subsidiaries on the request of German authorities.
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