Al Alam goes into liquidation after the Wirecard audit by KPMG

Al Alam Solution Provider, a business hub in Dubai that is central to whistleblower allegations that the Wirecard payments group fraudulently increased sales and profits, has announced its liquidation.

The Financial Times uncovered the liquidation of Wirecard’s most important business partner in recent years after KPMG stated that it could not be checked whether large parts of Wirecard’s sales and profits were genuine at the end of last month.

Al Alam was a payment processor in Dubai to which Wirecard …

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