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Browse: Home / 2021 / April / 22 / Wirecard employees removed millions in cash using shopping bags | Financial Times

Wirecard employees removed millions in cash using shopping bags | Financial Times

By Securities Docket on April 22, 2021, 11:13 am

Wirecard employees hauled millions of euros of cash out of the group’s Munich headquarters in plastic bags over a period of years, according to former employees, suggesting that the payments company was looted even more brazenly than previously known.

The once high-flying fintech, which at its peak was worth €24bn, went bust last summer in one of Germany’s biggest accounting frauds. It collapsed after discovering that €1.9bn of corporate cash did not exist and that parts of its business in Asia were a sham.

Source: Wirecard employees removed millions in cash using shopping bags | Financial Times

Posted in Criminal, Global, Top | Tagged Wirecard

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