FRANKFURT: Wirecard shares fell by more than 40% as two Philippine banks said the German payments company, which is scrambling to find $2.1 billion missing from its accounts, was not a client and alleged that documents had been falsified.
Germany's Wirecard, which face the possibility of having to repay 2 billion euros ($2.24 billion) in bank loans if it cannot get its results signed off by its auditor on Friday, said in a statement that it could have been the victim of fraud.
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