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Wirecard says compliance manager's departure not connected to investigation

Stock MarketsMar 31, 2019 07:10AM ET
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© Reuters. FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim

FRANKFURT (Reuters) - The departure of Wirecard's compliance manager Royston Ng has no connection to the German payments firm's investigations into financial irregularities in Singapore, a company spokeswoman said on Sunday.

Shares in Wirecard have seen volatile trading since the Financial Times ran a series of investigative reports alleging fraud and false accounting at the firm's Asia-Pacific office.

Local staff at the Singapore office of Wirecard may have committed crimes but these were not material to the German payment company's financial position, an investigation by outside law firm Rajah & Tann found, Wirecard said last week.

In a message conveyed by Wirecard, Ng said that he was leaving the company to pursue other career opportunities.

Wirecard has sued the Financial Times over its reports.

Wirecard says compliance manager's departure not connected to investigation
 

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