Wirecard says the departure of the compliance officer is not related to an investigation

FRANKFURT (Reuters) – The departure of Wirecard's chief compliance officer, Royston Ng, has nothing to do with the investigations of the German payment firm into financial irregularities in Singapore, a spokesman for the group said Sunday.

Wirecard's shares have experienced market volatility since the Financial Times published a series of investigation reports of fraud and accounting forgery in the company's Asia-Pacific office.

Local staff at Wirecard's Singapore office may have committed crimes, but these are not important to the financial situation of the German payment company, a survey by external law firm Rajah & Tann said. Wirecard last week.

In a message sent by Wirecard, Ng said he was leaving the company to pursue other career opportunities.

Wirecard sued the Financial Times for his reports.

(Report by Jörn Poltz, written by Arno Schuetze, edited by Raissa Kasolowsky)