Singapore Police Swoop As Wirecard Sues Newspaper

Police in Singapore have raided the offices of Germany-based payments giant Wirecard after the Financial Times reported that staff at the company had engaged in “book-cooking” — allegations the company has strongly refuted.

“Wirecard met with Singapore law enforcement at Wirecard's headquarter [sic] in Singapore and provided the police with comprehensive supporting material in regards to their enquiry into the defamatory allegations in the FT series of articles,” the company said in a statement late on Friday.

“After such negative media coverage, the initiation of an investigation is a normal procedure,” the company said. “We maintain that we will properly complete our internal compliance investigations and disclose these findings to the public.”

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