German payments provider Wirecard said Saturday that it would continue to operate despite filing for insolvency following a vast accounting fraud scandal.
The group admitted this week that 1.9 billion euros ($2.1 billion) missing from its accounts likely does not exist, in a spiralling saga that has stunned Germany and evoked memories of the Enron scandal in the United States.
Just hours after Wirecard opened insolvency proceedings with a court in Munich on Thursday, Auditing company EY accused the company of carrying out “elaborate and sophisticated fraud” across the world “with a deliberate aim of deception”.
But on Saturday the group said its business activities “will be continued”.
“The management board is of the opinion that continuatio…
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