German payments company Wirecard AG said on Friday it may be the victim of 'fraud of considerable proportions', after its auditor refused to sign off its 2019 accounts over a missing $2.1 billion.
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder
Wirecard shares dropped by about 60% on Thursday as the company said the delay could cause billions in loans to be called in as soon as Friday.
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