To Wirecard Minister of Finance: Scholz alleges, auditors and regulatory authorities

The scandal of the financial service provider Wirecard, the German Finance Minister, Olaf Scholz looks at possible shortcomings in the oversight of the company.

To Wirecard Minister of Finance: Scholz alleges, auditors and regulatory authorities

The scandal of the financial service provider Wirecard, the German Finance Minister, Olaf Scholz looks at possible shortcomings in the oversight of the company. "The case of Wirecard is extremely worrying," said the SPD politician.

According to the criminal complaint by the Supervisory authority Bafin against four members of the management Board of the public Prosecutor's office was asked about possible manipulations by the company wholeheartedly to educate. "Critical questions are the oversight of the company, in particular with a view to accounting and balance sheet control," said Scholz. "Here the economy seem to be a controller such as Supervisory authorities do not effectively have been."

Scholz also took the to his under the Ministry of Bafin into the visor. "Bafin has granted its own errors, you must immediately identified and corrected", said the Minister of Finance, the introduced stricter rules in view. "We need to quickly clarify how we need to change our regulatory requirements, even for complex enterprises plaits across the Board, to be able to swiftly and quickly monitor," said Scholz. "We are investors, employees, and investors are guilty – and the financial centre of Germany."

Wirecard liquidity bottleneck

The Minister of Finance took for the first time in detail the position in relation to the financial scandal that rocked the company and the entire industry. threatens The payment service provider has not acknowledged that a in the accounts managed assets of EUR 1.9 billion exists in all probability not.

resigned as head of the company Markus Braun has now been arrested. The Munich public Prosecutor's office suspected him of accounting fraud and market manipulation. The authority had requested the day before a warrant against brown.

The 51-year-old Austrian has been reported to be still on Monday evening the criminal pursuers. He will now be the investigative judge who decides on the detention continued.

Updated Date: 23 June 2020, 21:19

You need to login to comment.

Please register or login.

RELATED NEWS