Home / World News / Wirecard former COO Jan Marsalek in soup over two disputed deals in India

Wirecard former COO Jan Marsalek in soup over two disputed deals in India

The suit alleges Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund called Emerging Market Investment Fund in 2015.

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In one of the civil cases, the previous owners of Indian payments company Hermes I-Tickets Private, are suing Wirecard’s former COO Jan Marsalek alongside Wirecard over allegations it made false claims about how much it paid to them at the time.

Sarah Syed, Luca Casiraghi & Eyk Henning | Bloomberg

5 min read Last Updated : Jul 04 2020 | 12:41 AM IST

A pair of Indian lawsuits allege Wirecard’s former chief operating officer played a central role in deals that were later mired in disputes over valuations and unpaid fees.

In one of the civil cases, the previous owners of Indian payments company Hermes I-Tickets Private, are suing former COO Jan Marsalek alongside Wirecard over allegations it made false claims about how much it paid to them at the time. The suit alleges Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund called Emerging Market Investment Fund in 2015.

The second case, for unpaid

Topics : Digital Payments

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