BERLIN (Reuters) - German payments company Wirecard on Thursday denied a report by the Financial Times regarding “suspected book-padding” at the group’s Asian operations and which traders said sent shares down.
“Wirecard firmly rejects the media coverage of FT,” a spokeswoman said in an emailed statement. “Nothing about the article published today is true.”
The FT said a report by a top law firm had revealed a pattern of suspected book-padding in Asia.
Shares in Wirecard were down 11.5 percent at 115.3 euros at 1356 GMT, off a low of 112.35 euros.
Reporting by Thomas Seythal; additional reporting by Thyagaraju Adinarayan and Patricia Uhlig; editing by Jason Neely