BERLIN (Reuters) - Wirecard collapsed on Thursday owing creditors almost US$4 billion after disclosing a gaping hole in its books in Germany's worst accounting scandal.
The implosion of the payments company came a week after auditor EY refused to sign off its 2019 accounts, forcing out Chief Executive Markus Braun and leading Wirecard to admit that US$2.1 billion of its cash probably didn't exist.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
