Wirecard

Activist Hohn calls on Wirecard to remove CEO Markus Braun

4/29/2020

FRANKFURT (BLOOMBERG) - Billionaire activist investor Christopher Hohn has called on Wirecard to remove chief executive officer Markus Braun after an independent audit of past revenues criticized the German payments processor for internal "shortcomings." The probe by KPMG was unable to obtain the data needed to verify revenues of 1 billion euros (S$1.54 billion) in transactions with third parties. Wirecard hired the accounting firm in October to look into its third-party partner business as well as operations in India and Singapore following a series of reports...

Wirecard

Wirecard says audit finds no 'substantial' accounting questions

4/23/2020

FRANKFURT (BLOOMBERG) - Wirecard said an independent audit has uncovered no substantial findings of questionable accounting methods so far, but added it isn't yet ready to reveal the full report. The company said KPMG didn't find anything in all four areas of the audit that would lead to a correction of its financial statements. The firm was looking into Wirecard's third-party partner business, merchant cash advance as well as business activities in India and Singapore. KPMG will report on its full findings in a presentation on April 27, the company said in ...

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