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
0

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.


Libya’s NOC confirms 290,000 bpd production at Sharara offline

Updated 24 min 28 sec ago
0

Libya’s NOC confirms 290,000 bpd production at Sharara offline

  • NOC said it was conducting a full-scale investigation into suspected closed valves in the Hamada area
  • It also said in a statement that production from El Feel oilfield was unaffected by the incident

LONDON: Libya’s National Oil Corporation confirmed on Saturday that production at its 290,000 barrels per day El Sharara oilfield was currently offline.
NOC said it was conducting a full-scale investigation into suspected closed valves in the Hamada area.
It also said in a statement that production from El Feel oilfield was unaffected by the incident.
Sources earlier told Reuters that production at El Sharara had halted on Friday due to a valve closure on the pipeline linking the field to Zawiya.