The share price of Wirecard broke for the second Time within a week. The German benchmark index, the Dax share represented the payment processor, fell in high sales and multiple commercial breaks in the meantime to up to 31 percent. With 99,80 Euro you selected in the meantime, the lowest level since April of 2018. After a slight recovery, the shares were worth last still nearly 23 percent below the opening level and even below the Low from Wednesday.
The rate of fall was carried out as already on Wednesday after a critical report by the Financial Times. In the new post is to read, that an external Wirecard commissioned law firm had uncovered evidence of financial irregularities in the branch office in Singapore. Wirecard dismissed the report as “defamatory and incorrect”.
Federal financial Supervisory authority and the Munich public Prosecutor’s office to determine
After the first contribution to the newspaper about possible falsification of documents and money, was broke in the rate temporarily by more than 20 percent of the Laundry by a Manager of Wirecard in Singapore. This report was rejected by Wirecard.
The new report in the newspaper, standing in stark contrast to the opinions of Wirecard, said a trader. “The confidence of investors suffering from such a price crash,” said another market participant.
The Federal financial Supervisory authority Bafin and the Munich public Prosecutor’s office received after the first course of burglary investigation – the authorities are investigating whether it was the stock crash to a possible market manipulation. The company based in Aschheim, near Munich, was in recent years repeatedly the target of allegations of fraud, but it was never concrete.