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SoftBank plans to sue EY over Wirecard scandal – Der Spiegel – Reuters

SoftBank plans to sue EY over Wirecard scandal – Der Spiegel – Reuters


BERLIN (Reuters) – SoftBank is planning to sue accounting firm EY over its role in the scandal involving German payments company Wirecard, news magazine Der Spiegel reported on Friday, citing sources close to the Japanese company.

Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its longtime auditor EY blamed on a sophisticated global fraud.

SoftBank put money into Wirecard last year.

SoftBank did not respond to a request for immediate comment.

Reporting by Thomas Seythal; additional reporting by Clara Denina; editing by Jason Neely

Our Standards:The Thomson Reuters Trust Principles.

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Harry Miller is a writer and editor based in Toronto with 14 years of experience in the journalism industry. Before joining Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and as a breaking news reporter with the Toronto Star. At Canada News Media he covers national news and the trending stories Canadians are searching for. Miller holds two bachelor's degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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