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FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions, is based in Aschheim, near Munich, Germany, on September 6, 2018. REUTERS / Michael Dalder
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 investigations reporting fraud and accounting forgery at the Asia-Pacific company's office.
Local staff in Singapore's Wirecard office may have committed crimes, but these have no impact on the financial situation of the German payment company, a survey by external law firm Rajah & Tann revealed. 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
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