Frankfurt/London | Wirecard forged client data and lied about internal records to secure a €900 million ($1.3 billion) investment from SoftBank that was seen as a vote of confidence in the German payments group after the Financial Times started to raise questions about its business in 2019.
Details of the deception, which is central to the Munich prosecutors’ criminal case against former chief executive Markus Braun, show the lengths to which Wirecard went to secure investment from the Japanese investment conglomerate.
