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FT report triggers Wirecard share price drop

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FT report triggers Wirecard share price drop

Shares in German financial technology company Wirecard AG fell by as much as 22% on Oct. 15, with the drop triggered by the Financial Times' publication of documents that the newspaper said appeared to show an effort to inflate sales and profits at operations in Dubai and Ireland.

In response to the article, Wirecard said the information published by the FT was "a compilation of a number of false and misleading allegations," the FT and Reuters reported.