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Police raid Wirecard HQ as administrator kicks off asset sales
By , FRANKFURT (Reuters) - Police and public prosecutors raided Wirecard’s headquarters in Munich and four properties in German and Austria on Wednesday as they widened their investigation into the financial payments company that collapsed last week.Wirecard filed for insolvency last week owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.The implosion of a financial technology company once seen as one of the hottest prospects in Europe has led to political...…By , FRANKFURT (Reuters) - Police and public prosecutors raided Wirecard’s headquarters in Munich and four properties in German and Austria on Wednesday as they widened their investigation into the financial payments company that collapsed last week.Wirecard filed for insolvency last week owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.The implosion of a financial technology company once seen as one of the hottest prospects in Europe has led to political...WW…
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