(Bloomberg) — Billionaire activist investor Christopher Hohn has called on Wirecard AG 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 ($1.1 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 by the Financial Times that accused the company of accounting fraud in several countries.Shares in …read more
Source:: Yahoo Finance
