German payments company Wirecard has hired Alix Partners for a forensic investigation of the accounting scandal that led to its collapse, people close to the matter said.
) has hired Alix Partners for a forensic investigation of the accounting scandal that led to its collapse, people close to the matter said.
Alix Partners has been given the task of finding out which Wirecard employees, including executive and supervisory board members, knew what about potentially criminal incidents, the sources said. While the forensic investigation is at an early stage, the administrator is making headway with asset sales as he tries to recoup money owed to creditors of the payments company, the market capitalisation of which peaked at 24 billion euros in 2018.
Including Wirecard’s U.S. operations, the administrator could reap a total of up to 500 million euros from asset sales, the source said.
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