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Wirecard Plunges on Report Claiming Officials Knew of Book-Padding

Wirecard AG fell as much as 20 percent after a new report claimed that two senior executives knew of alleged accounting fraud, reviving concerns about its business practices. Two officials in the Munich head office were aware of a “round-tripping” scheme in Singapore that may have been part of a pattern of book-padding across the company’s Asian operations, the Financial Times reported Thursday.

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