MAURITIUS Offshore finance Issue dated 30/07/2020

Wirecard scandal: German online payment giant's Mauritian helpers

The deal that inflated wiredcard's earnings.
The deal that inflated wiredcard's earnings. ©Africa Intelligence
As investigations in Germany mount over the online payment giant Wirecard's high-profile bankruptcy, the Mauritian authorities are being dragged into the scandal. The German group used an accounting trick to inflate its revenues by €290m in a single week via structures registered on the island. Behind this operation is an Indian financial giant: Nirmal Jain's IIFL Group. [...] (623 words)
This article may be accessed by subscribers and e-wallet holders (EUR 6)
Log in to read more

Subscribe or Pay-Per-Article
Discover our offers

Receive prompts for these topics

New: Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

By continuing your visit to this site, you accept the use of cookies allowing us to adapt and enhance your experience. Read more