Wirecard fights for survival as billions may not exist

Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as assets probably don’t exist, deepening an accounting scandal that has rattled Germany’s financial industry.

Original Article Posted at : https://www.accountingtoday.com/articles/wirecard-fights-for-survival-as-billions-may-not-exist