Scandal-hit Wirecard says missing €1.9bn likely 'gone'Last week, auditors Ernst & Young said €1.9 billion was missing from Wirecard's accounts. FRANKFURT AM MAIN: German start-up Wirecard on Monday admitted that €1.9 billion that auditors said were missing from its accounts probably "do not exist", as the payments provider plunged deeper into crisis. The group said it had withdrawn its preliminary results for 2019 and the first quarter of this year, adding that "potential effects on the annual financial accounts of previous years cannot be excluded." Auditors Ernst & Young said Thursday that €1.9 billion (US$2.1 billion) were missing from Wirecard's accounts. But since then, Wirecard has been dogged by a series of articles in the Financial Times alleging accounting irregularities in its Asian operations.

Source: Bangkok Post June 22, 2020 06:11 UTC