>My personal highlight of the report was an M&A transaction where Wirecard bought a company in India from an SPV for 300 mn USD that was acquired just one month

>My personal highlight of the report was an M&A transaction where Wirecard bought a company in India from an SPV for 300 mn USD that was acquired just one month before for 30 mn USD. Wirecard claimed that they didn’t know who the ultimate beneficiary of the sales price was. If I ever have seen something looking like explicit money laundering at a DAX company then it was this transaction. Found a report that covers this: https://www.asianage.com/metros/delhi/180319/acquisition-of-chennai-firm-at-centre-of-fraud-investigation.html https://www.asianage.com/metros/delhi/180319/acquisition-of-... And another from the date of the acquisition: https://www.medianama.com/2015/10/223-wirecard-great-indian-retail-group/ https://www.medianama.com/2015/10/223-wirecard-great-indian-...