Balance Of Scandal: The Wirecard-Wake Up Call

All roads lead to success. So will still campaign on the website of Wirecard for the own products. On Tuesday, the trail of the former Chairman of the managemen

Balance Of Scandal: The Wirecard-Wake Up Call

All roads lead to success. So will still campaign on the website of Wirecard for the own products. On Tuesday, the trail of the former Chairman of the management Board of Wirecard's Markus Braun, to determine a judge led. Also, success is a matter of perspective. Wirecard is now called only in the superlative: gigantic maximum failure of supervision and to the auditors of the fraud, the deepest case of a Dax group. Finance Minister Olaf Scholz added a further superlative. The case, Wirecard is in a "highest degree" of concern. Investors feared, however, already a good deal. Since the days of the beleaguered share price rose during the course of a day, more than forty percent. So some of you might have missed the initial courses again. Greed knows no failure.

A cul-de-SAC

The investigation in this crime are still at the very beginning, and you can probably assume that Markus Braun will not be the Only one who needs to answer for this Disaster at the end of the court. The Move of the responsibility, who did what when, or under, that has already begun. In this case, will accompany the financial world for a long time. And he will have to have consequences. Composition and qualification of Supervisory boards must be illuminated how the functioning of audit firms. Perhaps supervision, inspection and the previous claim of good corporate governance of technological change have not kept step.

Updated Date: 23 June 2020, 18:20

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