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. [...] (598 words)
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