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India

Arno Schuetze

German prosecutors arrest head of Wirecard's Dubai unit

06 Jul 2020

BERLIN/FRANKFURT German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of suspects in a multi-billion-dollar fraud investigation into the collapse of the payments company.

Police raid Wirecard HQ as administrator kicks off asset sales

02 Jul 2020

FRANKFURT Police and public prosecutors raided Wirecard's headquarters in Munich and four properties in German and Austria on Wednesday as they widened their investigation into the financial payments company that collapsed last week. | Video

Aareal Bank shortlists private equity firms in sale of tech unit: sources

01 Jul 2020

FRANKFURT German real estate lender Aareal Bank has shortlisted several private equity groups interested in a stake in its software business Aareon, people close to the matter said.

'The money's gone': Wirecard collapses owing $4 billion

26 Jun 2020

FRANKFURT Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its auditor EY said was the result of a sophisticated global fraud. | Video

'The money's gone': Wirecard collapses owing $4 billion

26 Jun 2020

FRANKFURT Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its auditor EY said was the result of a sophisticated global fraud. | Video

Wirecard bricht zusammen - Prüfer spricht von Betrug

25 Jun 2020

- von Hans Seidenstuecker und Arno Schuetze und Alexander Hübner

Wirecard ex-boss Braun arrested as creditors hunt lost billions

23 Jun 2020

MUNICH/FRANKFURT Wirecard's former boss has been arrested on suspicion of falsifying its accounts, after the German payments firm disclosed a $2.1 billion financial hole and questioned whether trustees had actually held money on its behalf. | Video

Luckin Coffee picks Houlihan Lokey for financial, strategic advice: sources

23 Jun 2020

LONDON/FRANKFURT Luckin Coffee has picked investment bank Houlihan Lokey as an adviser, according to sources close to the matter, following an accounting scandal that has seen the Chinese coffee chain's shares plummet and creditors pursue assets held by the firm's family.

EU urges U.S. to reconsider decision to cut ties with WHO

01 Jun 2020

BRUSSELS The European Union urged the United States on Saturday to reconsider its decision to cut ties with the World Health Organization over its handling of the coronavirus pandemic.

World News