(Bloomberg) — The meltdown at Wirecard AG is raising questions about the company’s complicated relationship with the troubled SoftBank Group Corp.The Japanese conglomerate signed a strategic cooperation agreement with the payments firm last year and agreed to buy $1 billion of Wirecard convertible bonds, although that exposure was later cut through a complex transaction. This month, a partner at SoftBank’s investment arm was on track to become a supervisory board member at Wirecard.Then on Thursday, Wirecard revealed that auditors had been unable to find about 1.9 billion euros ($2.1 billion) in cash that was supposed to be held in Asian …read more
Source:: Yahoo Finance
