Singapore's central bank says working with police investigating Wirecard

The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore in this February 21, 2013 file photo. REUTERS/Edgar Su/Files

Singapore’s central bank is working with the city-state’s police to scrutinise collapsed German payments firm Wirecard’s local operations, it said on Monday, adding that local authorities had also reached out to foreign agencies.

Wirecard filed for insolvency last week owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.14 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.

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