WRCDF - Wirecard AG: It Is Not About The Existence Of A Scandal - It Is About Its Size
Wirecard AG (WRCDF;WCAGY) has been haunted by allegations of severe irregularities in their Asian businesses. At the center of the scandal, which was initially reported by the Financial Times, is Edo Kurniawan, a high ranking Wirecard manager who oversaw accounting across the Asia/Pacific region. Mr. Kurniawan has gone on leave since.
In the mean time, German regulator BaFin intervened restricting new short positions through April 18th. It should be noted that this may have an influence on the current stock price - and poses a potential downside risk