FT editor: Probe finds no collusion in reporting on Wirecard

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FT editor: Probe finds no collusion in reporting on Wirecard
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The Financial Times said on Thursday that an independent investigation of its co...

FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

Editor Lionel Barber, in an email to staff, said the two-month probe by law firm RPC had found that “the evidence does not support claims of collusion between FT investigative reporters and investors trading in Wirecard”. Barber called in RPC after German newspaper Handelsblatt reported on July 21 that Wirecard had given evidence to German prosecutors of suspected collusion between short sellers seeking to profit from share-price falls and FT staff.

FT reporter Dan McCrum has this year published a series of investigative reports into Wirecard that, citing evidence from whistleblowers, allege financial and accounting irregularities at entities the company controls in Asia and the Middle East.

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