Ex-Shareholders Say Wirecard Ignored Stock Sale Fraud
Law360, London (September 20, 2019, 7:56 PM BST) -- Two investors have sued Wirecard AG for €33 million ($36.3 million), expanding their London legal fight claiming they were intimidated into selling their stock in a financial services company just before it was sold to the German payments provider for a windfall.
Prashant Manek and Sanjay Chandi filed the lawsuit against the German online payments company at the High Court on Wednesday, claiming they were strong-armed into selling their shares in Hermes i-Tickets Private Ltd., a money transfers and insurance payments company.
The businessmen, along with their retail company, claimed Wirecard didn't start the conspiracy, but looked away when they sold their shares in Hermes to an Indian company for...
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