7/20/2020, 4:08 PM (Source: TeleTrader)
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Wirecard shares down over 20%

Shares of Wirecard AG lost over a fifth of their value on Monday after the head of the German Financial Supervisory Authority Felix Hufeld defended the regulator's supervision of the payments company, asserting that BaFin monitored only a small part of Wirecard's financial transactions.

Meanwhile, media reported that chief operating officer Jan Marsalek, whom the authorities are looking for in connection with the case, is hiding in Russia or Belarus.

Wirecard traded 18.54% in the red at 16:04 pm CET, at a value of €1.610 per share.

Breaking the News / MD