TCI Files Criminal Complaint Against Wirecard -- Update
19 Mai 2020 - 3:10PM
Dow Jones News
(Adds Wirecard response.)
By Mauro Orru
TCI Fund Management Limited said Tuesday that it has filed a
criminal complaint against Wirecard AG through the public
prosecutor's office in Munich.
The London-based fund said the complaint stems from what it
considers anomalies which may have criminal relevance arising from
the recently published KPMG audit into allegations of accounting
impropriety at Wirecard, as well as reports in the Financial Times
and WirtschaftsWoche. It added that funds under its management hold
a short position in Wirecard shares.
"This relates to the purchase of Hermes I Tickets Pte. Ltd. in
India, the so-called 'third-party acquiring business' as well as
the granting of loans within the scope of the so-called 'merchant
cash advance business,'" TCI said.
Wirecard said it "regards the filing as a purely tactical
manoeuvre of a short seller. In terms of content, we consider the
complaint to be completely unfounded."
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
May 19, 2020 08:55 ET (12:55 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.