Shares in Wirecard slumped again on Wednesday as a prominent short seller demanded the sacking of CEO Markus Braun after a special audit of the German payments company was unable to verify its financial statements. Chris Hohn, head of $24 billion fund TCI, said in an open letter to Wirecard’s supervisory board that the audit by KPMG raised questions over management’s compliance with anti-money laundering and know-your-customer laws. “We are of the view that the supervisory board is legally obliged to intervene,” Hohn wrote in the letter, addressed to Wirecard Chairman Thomas Eichelmann and other supervisory board members. …read more
Source:: Yahoo Finance
