Missing 1.9 bn euros plunges Wirecard into Enron-style scandal

Frankfurt am Main (AFP) – In what could be one of the biggest financial frauds of recent years, German payments provider Wirecard on Monday admitted 1.9 billion euros that auditors say are missing from its accounts likely “do not exist”.The scandal has already claimed the scalp of founder and chief executive Markus Braun, and adds to a series of recent German upsets.Over the past decade, business headlines have been dominated by repeated financial infractions at Deutsche Bank and the “dieselgate” emissions fraud that has cost Volkswagen more than 30 billion euros.In Wirecard’s case, 1.9 billio…

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