Wirecard’s $2.1 Billion Hole Deepens After Forgery Claim

Wirecard's CEO was suspended after auditors found $2 billion missing. The company, with a history of scandals, faces potential bankruptcy as KPMG's audit reveals financial discrepancies. Investors are concerned as Wirecard's stock plummets, and loans may be called due to unverified funds.

What significant financial issue was revealed regarding Wirecard?

What was the relationship between Wirecard and the Asian banks mentioned?

What actions did KPMG take regarding Wirecard's financial statements?

What could happen if Wirecard fails to present audited results?

What are the potential consequences for Wirecard if the missing funds are not found?