Wirecard has been accused before of fraud by so called "short sellers". The document published (2 years ago?) showed a tremendous, extraordinary complex network of international corporations. Such complex setups have a very limited purpose. It can basically be only tax "optimization", hide fraud or hide ownership (UBO). After having seen this PDF I would not touch the Wirecard stock.
By the way, I think Alibaba is opening two new corporations. Per day. You may also want to read at Bronte Capital about Alibaba.
No I dont. Wirecard went very aggressively against the accusations. The discussion board where it was discussed removed the link since Wirecard were suing everybody.
Could have been this one, but I am not sure. Just peaked into it and did not see the page with all the interrelated companies.
By the way, I think Alibaba is opening two new corporations. Per day. You may also want to read at Bronte Capital about Alibaba.