Wirecard has fallen from one of Germany's top fintech darlings to a company mired in controversy due to fraud allegations.
Wirecard said that auditor EY couldn't find the cash balances, which represent roughly a quarter of its balance sheet.
It added that the delay in getting its accounts signed off by EY could mean loans of around 2 billion euros would be called in early this week.Alexander Pohl | NurPhoto | Getty Images "The Wirecard management board is working intensively together with the auditor towards a clarification of the situation," the firm said. It added that the delay in getting its accounts signed off by EY could mean loans of around 2 billion euros would be called in early this week.
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