Manipulation allegations against German real estate group - "Wirecard 2.0"

The British investor Viceroy became known worldwide for attacks on Wirecard and Steinhoff.

Now the company is tackling a well-known German real estate company.

Luxembourg - The British investor and short seller Fraser Perring was one of the first critics in the Wirecard scandal.

Now he has a new goal: the Adler Group real estate company.

As the

reports, he accuses the company of an artificially inflated balance sheet in a report.

In addition, the management withdraws money from acquired companies.

Perring also played a role in uncovering the accounting fraud of the furniture company Steinhoff.

Adler-Group rejects the allegations

Adler rejects the allegations, but that doesn't seem to convince investors.

On Wednesday, the Adler Group recorded the largest daily loss since going public in summer 2015, with a minus of 26 percent to around ten euros. Reports on the Viceroy attacks aroused bad memories on Twitter: "Wirecard 2.0", users wrote on the short message. Service.

The Federal Financial Supervisory Authority has also already commented on the report and the allegations.

A spokeswoman said according to

: "If there are suspicions of criminal offenses, we will report them to the responsible public prosecutor."

Adler Group: Largest shareholder is unimpressed

Adler's largest shareholder, Aggregate Holding, is unimpressed.

They are completely convinced of the value of the stake in Adler and the current price does not reflect this.

Now it is up to the Adler Group to take a stand.

At the beginning of the week, Adler shares came under pressure after the company had announced “a fundamental review” of its strategic options for action.

The background is that several interested parties have received offers for parts of the rental portfolio.

One result of the review could be the sale of a substantial part of the real estate portfolio held directly or indirectly by the Adler Group and the corresponding rental income, it said.

The possible proceeds should then be used to repay or buy back bonds and, if necessary, to purchase own shares.

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