A further report by the FT, published Feb. 1, claimed which an external law firm hired by Wirecard found evidence indicating “serious offences of forgery in addition to also/or of falsification of accounts” at its Singapore office.

According to the paper, the law firm, Rajah & Tann, was given a mandate on May last year to conduct an independent probe into the affair.

Wirecard rebutted the story at the time as “inaccurate, misleading in addition to also defamatory.” The article nonetheless put significant pressure on Wirecard’s share cost, sending which down almost 30 percent on the day.

On Feb. 4, Wirecard said which which had hired the aforementioned law firm to review accounting practices at its Singapore office following allegations brought forward by an employee, nevertheless which the investigation had so far found no findings of criminal misconduct.