Wirecard rejects accusations
Both the announcements of the BaFin and the public prosecutor’s office in Munich suggest that a large-scale manipulation attempt can actually be assumed. Otherwise, it would not be possible to explain the clear positioning of the authorities, which clearly supports the company. The suspicion of market manipulation is, however, also obvious. Wirecard is one of the leading companies for electronic payment transactions. The company has customers all over the world. Since electronic payment transactions are currently booming, it is difficult to explain such a drastic slump in share prices.
So far, the company itself has not made any public statements. A statement on the allegations about the Singapore branch has been announced for mid-April.