On July 9 the Garda national economic crime bureau executed a search warrant of Wirecard’s Dublin offices in Foley Street, Dublin 1. The Gardaí raided Wirecard on the request of the German police, who are investigating the Munich-headquartered payments company over alleged accounting fraud. The scale of the alleged fraud is massive. Since the investigations and audits started last October, Wirecard shares have shed €24 billion, or 98 per cent, of their value. About €1.9 billion is missing from its accounts. The company filed for insolvency last month with €4 billion owed to creditors. The Dublin office was a significant…
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