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6/23, 6:28 PM (Source: TeleTrader)
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BaFin accuses Wirecard of market manipulation

Germany's Federal Financial Supervisory Authority (BaFin) filed on Tuesday a criminal complaint against Wirecard AG on suspicions of market manipulation.

"The announcement released by Wirecard AG on June 22 reinforces the suspicion that the balance sheet presentation of sales and assets in the company's annual reports for 2016, 2017 and 2018 was incorrect," BaFin spokeswoman stated.

By making this decision, the regulatory authority completed its investigation regarding Wirecard's alleged market manipulation, which was opened earlier in June. Munich's Public Prosecutor's Office should handle the case from this point on.

Breaking the News / ND