[FRANKFURT] The Financial Times has hired a law firm to review its investigations into German payments company Wirecard, which has sued the newspaper over a series of reports alleging accounting irregularities. Read more at The Business Times.
has hired a law firm to review its investigations into German payments company Wirecard, which has sued the newspaper over a series of reports alleging accounting irregularities.
The FT, in a statement on Tuesday, rejected these allegations which it said it considered a diversionary tactic aimed at stifling further reporting on Wirecard."Given the seriousness of the allegations, I have decided to invite an external review into our reporting of this highly controversial story," Mr Barber said."As a trusted news source, the FT's reputation rests on its gold standard journalism, its integrity and a scrupulous approach to accuracy.
Germany's financial watchdog Bafin temporarily banned the short-selling of Wirecard stock, but the ban expired in April.
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