(Bloomberg) — Wirecard AG fell the most since February in Frankfurt after a news report said it found repeated questionable accounting practices at the German payments firm.Wirecard fell as much as 23% in early trading after the Financial Times said it’s published internal company documents and correspondence that “appear to indicate a concerted effort to fraudulently inflate sales and profits” at businesses in Dubai and Ireland.Iris Stoeckl, a spokeswoman for Wirecard, strongly denied the allegations, saying the report amounts to “market speculation.”“This is total nonsense,” Stoeckl said by phone. “All our numbers have been audited.”Wirecard has been trying to move …read more
Source:: Yahoo Finance
