© Reuters. FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim

FRANKFURT (Reuters) – The departure of Wirecard’s compliance manager Royston Ng has no connection to the German payments firm’s investigations into financial irregularities in Singapore, a company spokeswoman said on Sunday.

Shares in Wirecard have seen volatile trading since the Financial Times ran a series of investigative reports alleging fraud and false accounting at the firm’s Asia-Pacific office.

Local staff at the Singapore office of Wirecard may have committed crimes but these were not material to the German payment company’s financial position, an investigation by outside law firm Rajah & Tann found, Wirecard said last week.

In a message conveyed by Wirecard, Ng said that he was leaving the company to pursue other career opportunities.

Wirecard has sued the Financial Times over its reports.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-03-31