Views Article – Sharenet Wealth

Europe, News

Mauritius investigates alleged round-tripping linked to Wirecard AG

NAIROBI (Reuters) – Mauritius’s central bank and Financial Services Commission have started a joint investigation into alleged round-tripping linked to Wirecard AG, the central bank said on Wednesday.

German police and prosecutors raided Wirecard’s headquarters in Munich on Wednesday as they widened their fraud investigation into the payments company that collapsed last week.

“Wirecard AG could have been linked to a probable case of round-tripping involving a Mauritius-registered entity,” the central bank said in a statement, adding that it will seek the help of other law enforcement agencies.

“The Bank and the FSC are determined to bring to light any possible breach of regulatory requirements.”

(Reporting by George Obulutsa; Writing by Duncan Miriri; Editing by Jan Harvey)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.