NEW YORK, NY / ACCESSWIRE / December 10, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Qiwi plc ("Qiwi" or "the Company") (NASDAQ:QIWI). Investors who purchased Qiwi securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/qiwi.
The investigation concerns whether Qiwi and certain of its officers and/or directors have violated federal securities laws.
On December 10, 2020, Qiwi issued a press release entitled "QIWI (QIWI) Fined by Bank of Russia, Restricts Operations." The press release stated, in relevant part, that "[f]rom July to December 2020, the Central Bank of Russia (‘CBR'), acting in its supervisory capacity, performed a routine scheduled audit of Qiwi Bank JSC (‘Qiwi Bank') for the period of July 2018 to September 2020 and, in the course of this audit, has identified certain violations and deficiencies relating primarily to reporting and record-keeping requirements. . . . The monetary fine imposed on Qiwi Bank as a result of these findings was RUB 11 million, or approximately USD 150,000." Qiwi further disclosed that "as part of its instruction letter setting forth the findings of the audit, the CBR introduced certain restrictions with respect to Qiwi Bank's operations, including, effective from December 7, 2020, the suspension or limitation of most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts." On this news, Qiwi's American Depositary Receipt price fell sharply during intraday trading on December 10, 2020, damaging investors.
If you are aware of any facts relating to this investigation, or purchased Qiwi shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/qiwi. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC