MUNICH: Wirecard has suspended an accounting employee in Singapore until an investigation into allegations of fraud and creative accounting is over, the company's chief executive told Reuters on Tuesday (Mar 12).
"The employee has been put on leave until the end of the investigation," Chief Executive Markus Braun told Reuters, saying the move was a standard procedure.
AdvertisementSingapore police opened inquiries last month following investigative reports by the Financial Times, which cited the preliminary findings of an investigation by law firm Rajah & Tann that found evidence of series offences of forgery and false accounting.
Braun rejected the allegations, saying an internal investigation had found them to be invalid.
"We are very optimistic as far as the outcome of the external investigation is concerned," he said, adding that he expected the findings to be published soon.
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