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Wirecard sinks 70% in Germany after confirming serious accounting irregularities

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The German company Wirecard, specialized in the processing of electronic payments, collapsed 70% in the Dax 30 index of the German stock market after confirming the EY auditor serious accounting irregularities in its balance sheet.

The technology and financial services company has confirmed in a statement that the EY auditor could not find the "cash balances in trust accounts to consolidate in the consolidated financial statements an amount of 1,900 million euros (approximately a quarter of its total consolidated balance) ".

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