with The German payment service Wirecard, in which € 2 billion are looking for might have been hit late on Monday to know that the balance will probably never be there in the first place. Wirecard is a competitor of the Netherlands Adyen, and takes care of the payment for the companies.
The company's annual report on 2019 and would be publishing it, but the auditor was unqualified to give it. This is because the items for an amount of eur 1.9 billion on the balance sheet, and nowhere was to be found.
The amount represents one-quarter of the total assets of the company. Since Wirecard is negative the news is, for 75 per cent of the market value gone up in smoke. The preliminary financial results for 2019 in the first quarter of this year, have now been withdrawn.
Meanwhile, as the CEO left as well, after all, the second-in-command, was suspended.