The payment service provider Wirecard should be blackmailed with negative reporting. The Munich Prosecutor’s office said. “We have received on the Friday before a week at 7.30 am serious information from Wirecard, a new short attack is planned, and that with a lot of money trying to influence media coverage,” said the state Prosecutor, Hildegard Bäumler-Hösl the German newspaper Handelsblatt.
According to the newspaper, a middle man, the journalists in the UK, with Millions to bribe tried. At the same time he had offered Wirecard payment of a similar sum, to prevent the reporting. This suspicion is now also part of the investigation, the public Prosecutor’s office Munich I, about market manipulation, it said. Wirecard self did not want to comment on the information.
The company, based in the Bavarian town of Aschheim was speculation in the past few months, target to be more aggressive Shares. The share price fell again and again, is extremely strong, according to information from the financial Supervisory authority Bafin were – as already in 2008 and in 2016 – so-called Short Sellers responsible. These short sellers want to make money with falling prices. To do this, you borrow shares for a fee and sell them on the market. The stock then drops the course, you can buy the shares back cheaper back-to-back to give the actual owner a fixed point in time. The more the price falls, the greater the profit, the short seller to make a Speculate.
Currently, the Prosecutor’s office determined because of market manipulation against a journalist of the London Financial Times, since the end of January, repeated on the alleged accounting violations, and money laundering in a Wirecard-branch office in Singapore had reported. The employees of the newspaper to the publication of a short seller in advance. If this is the case, would the disclosure of this Information may be a breach of the securities trading act. In fact, the company’s stock slumped after the publication of the research.
Wirecard rejected the allegations against him as defamatory, and turned on the Bafin. These had been banned in the past week, speculation on the case at the end of Wirecard courses for two months, also on the basis of the evidence of a possible extortion. “We had this information from the public Prosecutor’s office,” said a Bafin spokesperson for the Handelsblatt. “They were a building block for the prohibition.”
Currently, the Wirecard share is listed is still about a third below their value prior to reporting. The company was formed in 1999 benefited like few others from the global shift of payment flows on the Internet. The core of its business is the processing of online payments between consumers, merchants and banks. Wirecard has customers all over the world.
