Singapore police looking into reports of alleged financial irregularities at Wirecard

SINGAPORE – Singapore police on Monday said it was looking into reports by the Financial Times of alleged financial irregularities at German payments firm Wirecard AG .

The FT last week published two reports about alleged wrongdoing at Wirecard’s Singapore office that sent shares in the member of the blue-chip DAX sharply lower.

Wirecard responded to the reports saying they were “inaccurate, misleading and defamatory”.

“The Police are looking into the matter,” a spokeswoman for the Singapore Police Force said in response to an emailed question from Reuters about the reports.

–REUTERS / BLOOMBERG photo