The Financial Times has hired a law firm to review its investigations into Germa...
FRANKFURT - The Financial Times has hired a law firm to review its investigations into German payments company Wirecard , which has sued the newspaper over a series of reports alleging accounting irregularities.
The FT, in a statement on Tuesday, rejected these allegations which it said it considered a diversionary tactic aimed at stifling further reporting on Wirecard. Earlier this year, the Munich public prosecutor launched an investigation into alleged market manipulation in Wirecard shares, which for years have been a favored target for ‘short’ sellers seeking to profit from declines in its share price.
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