⁍ German leasing business Grenke rejected comparisons to the collapsed payment company Wirecard.
⁍ The company said it would commission a special audit.
⁍ Germany’s financial market watchdog, BaFin, and prosecutors said they were investigating the Grenke case.
– German leasing company Grenke is fighting back against allegations of fraud made in a scathing report by Viceroy Research. “We are honorable businessmen, and we refute any comparison with Wirecard,” Grenke’s CEO told reporters, referring to the collapsed payment company. The CEO said the company would commission a special audit of its financials, Reuters reports. Germany’s financial market watchdog, BaFin, said it was investigating possible market manipulation by Grenke, possible insider trading before the report’s publication, and possible market manipulation by Grenke through accounting issues or by third parties in the form of an attack by short sellers.
Source: https://www.reuters.com/article/grenke-accounts/update-1-ceo-says-grenke-is-no-wirecard-as-it-orders-special-kpmg-audit-idUSL8N2GF3X5