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Wirecard audit involved 'deliberate' deception to bolster company value, EY says

( June 26, 2020, 11:06 GMT | Official Statement) -- MLex Summary: Wirecard provided "false" and "elaborate" statements to create a fake auditing trail of 1.9 billion euros ($2.3 billion), its auditor Ernst & Young said today. "There are clear indications that this was an elaborate and sophisticated fraud, involving multiple parties around the world in different institutions, with a deliberate aim of deception," EY said. Yesterday, the German payments company filed for insolvency in the German courts, followed by the resignation and subsequent arrest of its chief executive Markus Braun.Statement follows....

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