Singapore police looking into reports of alleged financial irregularities at Wirecard

The Financial Times has alleged financial irregularities at German payments firm Wirecard at its Singapore office. (Reuters)
Updated 04 February 2019
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Singapore police looking into reports of alleged financial irregularities at Wirecard

  • Financial Times last week published two reports about alleged wrongdoing at Wirecard’s Singapore office
  • Wirecard said the reports were ‘inaccurate, misleading and defamatory’

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


Aramco CEO attends China development event

Aramco CEO Amin Nasser meets Chinese Premier Li Keqiang during the China Development Forum 2019. (Photo/Supplied)
Updated 27 March 2019
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Aramco CEO attends China development event

Aramco CEO Amin Nasser attended the China Development Forum, a three-day event that focused on key issues such as the supply-side structural reform, new measures of proactive fiscal policy, and the opening up of the financial sector and financial stability. 

The Aramco chief met the Chinese Premier Li Keqiang during the forum. Li expressed his appreciation for Saudi Aramco’s investment in an integrated downstream project in Panjin city in Liaoning, coming right after the visit of Crown Prince Mohammed bin Salman to China in February. 

The exchange also allowed Nasser to briefly outline Aramco’s plans in China including downstream investments in Zhejiang province.