CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Wirecard, a payments company of this country would work with India to issue PAN cards.
A
Australia
B
Russia
C
Germany
D
Singapore
Explanation: 

Detailed explanation-1: -1. What did Wirecard do? Wirecard was a developer of software and systems for online payments and fraud protection used across the internet, processing a customer’s card details and ensuring the funds to cover a purchase were transferred to the merchant.

Detailed explanation-2: -Dec 6 (Reuters) - Payments company Wirecard collapsed in 2020 in Germany’s biggest post-war fraud scandal. A trial will start in Munich on Thursday, with former Chief Executive Markus Braun facing charges. Braun denies wrongdoing.

Detailed explanation-3: -Wirecard AG is an insolvent German payment processor and financial services provider whose former CEO, COO, two board members, and other executives have been arrested or otherwise implicated in criminal proceedings. In June 2020, the company announced that €1.9 billion in cash was missing. It owed €3.2 billion in debt.

Detailed explanation-4: -German prosecutors have charged Wirecard’s former chief executive Markus Braun and two other high-ranking managers for the colossal commercial fraud that led to the collapse of the payment company.

There is 1 question to complete.