2/18, 11:25 AM (Source: TeleTrader)
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Germany probes FT journalist on Wirecard articles - report

German prosecutors have launched an investigation against a journalist of the Financial Times over the recent reporting on the Wirecard AG alleged fraudulent accounting practices, the local media reported on Monday.

"We have a specific criminal complaint of an investor," a spokesperson for the Munich public prosecutor told the Frankfurter Allgemeine Zeitung. The investor was allegedly informed in advance when the articles claiming the fintech company's Singapore office conducted fraud and money laundering would come out.

Earlier today, the Federal Financial Supervisory Authority blocked further shorting of Wirecard stock on the concerns it may lead to wider market instability. The regulator stated the shorting was "followed and facilitated by negative reporting in the media."

Breaking the News / MD