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German regulators are known to be on the stricter side compared to other EU countries and Banks/Financials aren't really popular in Germany anyway. So I doubt t
by dx034 8y ago
German regulators are known to be on the stricter side compared to other EU countries and Banks/Financials aren't really popular in Germany anyway. So I doubt that this plays any role in the investigation.
But so far, the FT allegations didn't prove anything and coordinated short selling ahead of the release of the articles appears suspicious. On the other hand, the FT doesn't back down so there should be some merit to their stories.
Wirecard will present an external audit report these days about the allegations that Softbank will probably already have seen. The news about the investment probably indicates that the report isn't too bad for Wirecard.