{"id":399229,"date":"2020-12-14T11:33:19","date_gmt":"2020-12-14T16:33:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399229"},"modified":"2020-12-14T11:33:19","modified_gmt":"2020-12-14T16:33:19","slug":"the-law-offices-of-frank-r-cruz-announces-investigation-of-qiwi-plc-qiwi-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-investigation-of-qiwi-plc-qiwi-on-behalf-of-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces Investigation of Qiwi Plc (QIWI) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

The Law Offices of Frank R. Cruz Announces Investigation of Qiwi Plc (QIWI) on Behalf of Investors<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Law Offices of Frank R. Cruz<\/a> announces an investigation of Qiwi Plc (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI<\/a>) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here<\/a> to participate.\n<\/p>\n

\nOn December 10, 2020, the Company issued a press release entitled “QIWI (QIWI) Fined by Bank of Russia, Restricts Operations.” Therein, Qiwi stated 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.\u201d The Company was fined RUB 11 million, or approximately USD 150,000. The release also stated that “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.”\n<\/p>\n

\nOn this news, the Company\u2019s ADR price fell $2.80 per share, or 20%, to close at $10.79 per share on December 10, 2020, thereby injuring investors.\n<\/p>\n

\nFollow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.\n<\/p>\n

\nIf you purchased Qiwi securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201214005165\/en\/<\/a><\/span><\/p>\n

\nThe Law Offices of Frank R. Cruz, Los Angeles
\n
Frank R. Cruz, 310-914-5007
\n
fcruz@frankcruzlaw.com
\n<\/a>
www.frankcruzlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of Frank R. Cruz Announces Investigation of Qiwi Plc (QIWI) on Behalf of Investors LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Qiwi Plc (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On December 10, 2020, the Company issued a press release entitled “QIWI (QIWI) Fined by Bank of Russia, Restricts Operations.” Therein, Qiwi stated 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 … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Announces Investigation of Qiwi Plc (QIWI) on Behalf of Investors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399229","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. 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Cruz announces an investigation of Qiwi Plc (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On December 10, 2020, the Company issued a press release entitled “QIWI (QIWI) Fined by Bank of Russia, Restricts Operations.” Therein, Qiwi stated 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 … Continue reading "The Law Offices of Frank R. 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