Wirecard shares fall when 1.9 billion euros in lack of cash are announced

Wirecard’s shares fell by more than 60% on June 18 after the German payment group postponed its annual results again and the auditors were unable to confirm the existence of EUR 1.9 billion in cash on their balance sheet.

According to the Financial Times and CNBCThe company, headquartered in Munich, said in a statement on Thursday morning that the auditor EY could not find the cash balances, which make up around a quarter of its balance sheet.

There was evidence that …

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