FILE PHOTO: A woman enters the headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions, in Aschheim, near Munich, Germany, July 1, 2020. REUTERS/Andreas Gebert/File Photo"We are investigating suspected money laundering," the spokeswoman told Reuters, saying the inquiry was directed at individuals from Wirecard. She said it followed a number of criminal complaints this year and last.
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. Wirecard started out handling payments for gambling and adult websites and now processes payments for companies including Visa and Mastercard.Some of the world's biggest investors held its shares before a whistleblower said it owed its success to a web of sham transactions.
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