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Grenke does not want to comment on Viceroy’s fraud allegations until Friday

Grenke shareholders have to be patient: So far, the Baden-Baden company has only responded to the accusations by Fraser Perring and Viceroy with a brief statement. Grenke are accused of, among other things, fraud and other dubious business practices, money laundering, conflicts of interest to the detriment of shareholders and problems related to financing – we reported. Perring / Viceroy is active as a short seller, but at the same time pointed out the Wirecard accounting scandal early on and at the same time played a key role in uncovering the Steinhoff accounting scandal.

This morning comes a – again – short statement from Grenke. “The board of directors and the supervisory board see all of these allegations as unfounded,” it says, without giving further details – the threats of legal action against Viceroy are repeated. A task force was set up to deal with the detailed refutation of the allegations made by Viceroy Research against the company, according to the company. They want to express their views on all topics on Friday afternoon as part of an investor and analyst call. Grenke boss Antje Leminsky and board member Sebastian Hirsch, as well as the company founder and deputy chairman of the supervisory board Wolfgang Grenke and the chairman of the supervisory board Ernst-Moritz Lipp, are to take part.

Wolfgang Grenke will also make a short written statement around 4 p.m. today. The subject is supposed to be the allegations directed against him personally as well as the subject complex franchise.

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