If you have not heard by now, the latest scandal involving a blue chip payments aggregator company, Wirecard has sent its shares plunged down by nearly 62% after the company revealed that for the third time they are unable to publish its annual report for FY2019 on time. Unlike the previous two sessions, this time round the findings are a lot more serious when its auditor EY refused to sign off the audited statement after casting doubts that up on the €1.9b of cash equivalent and security deposits they are currently reporting in the balance sheet. The seismic shock has sent an ultimate blow to the company and also the entire Germany's financial market as it rocked over the going concern and fraudulent event that will be remembered as one of the darkest days in the Germany's financial history. What is worse for them is they have another €2b loan covenant due by this Friday and that the banks can...