delayed the publication of its 2019 financial results on Thursday, saying its auditors couldn't account for €1.9 billion ($2.1 billion) in cash. At that point, Wirecard was worth more than €24 billion ($26.9 billion). The shares closed at€25.82 ($28.88) on Friday, valuing the company at less than €3.2 billion ($3.6 billion). In a resignation letter published by the company, Braun said he did not want to burden Wirecard. According to Wirecard, €2 billion ($2.2 billion) in loans to the company may be called in on Friday if auditors don't sign off on its results.

Source: CNN June 19, 2020 16:30 UTC